(dpa-AFX) - The Japanese central bank is not planning to ease policy further now, but policymakers stand ready to adjust stance if needed, Bank of Japan Governor Haruhiko Kuroda
The central bank chief said the bank does not have plans for further monetary easing "at the moment".
"But we're ready to adjust policy without hesitation if there is any change in the underlying price trend," Kuroda said in a budget committee hearing.
The BoJ Board is set to meet on January 28-29, when policymakers are expected to cut the inflation forecasts for the fiscal year 2016, in the backdrop of continued fall in crude oil prices.
In the previous forecasting round in October, the bank lowered the core inflation projection for fiscal 2016 to 1.4 percent from 1.9 percent. The growth forecast for the fiscal year was slightly reduced to 1.4 percent from 1.5 percent.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer
Source: Equities.com News
(January 14, 2016 - 5:11 PM EST)
News by QuoteMedia