BOJ Kuroda Sounds More Positive on Additional Easing

Politics

Tokyo, Sept. 19 (Jiji Press)--Bank of Japan Governor Haruhiko Kuroda on Thursday sounded more positive on the central bank taking additional monetary easing steps.

"If asked whether I'm more positive (about additional easing) than when the bank held the previous monetary policy meeting (in July), I'd say 'yes,'" Kuroda told a news conference held after the BOJ's two-day policy meeting through the day, suggesting the central bank may discuss the advisability of taking further easing steps at its next policymaking meeting in late October.

At the latest meeting, the BOJ decided to leave its current massive easing policy unchanged and "reexamine economic and price developments" at the Oct. 30-31 meeting.

The decision followed recent interest rate cuts by the U.S. Federal Reserve and the European Central Bank. By hinting at additional easing, the BOJ is apparently aiming to let financial market participants sustain their hopes for action by the Japanese central bank.

"At the moment, we're not in a situation to see economy outlooks weaken or the momentum of price rises be lost," Kuroda said, while noting that "downward risks are growing, mainly in overseas economies."

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