Asia

Friday, October 11, 2019 - 02:36

MNI POLICY: BOJ Kuroda: Room For Easing; Pros and Cons Eyed


TOKYO (MNI) - Bank of Japan Governor Haruhiko Kuroda said Friday that there is sufficient room for the BOJ to conduct additional easing and it will decide after carefully examining the benefits and costs of further easing.

However, Kuroda, speaking to lawmakers, didn't elaborate on further details.

Kuroda has previously said that lowering the short-term interest rate or/and the long-term interest rate, expanding asset purchases and accelerating the pace of injecting monetary base are all options open to the BOJ.

BOJ policymakers will consider whether to conduct more easing after carefully re-examining the outlook for economy and prices, including their downside risks, at the October 30-31 policy-setting meeting.

--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

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