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 January 14, 2016 - 5:11 PM EST
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Kuroda Says BoJ Not Planning Policy Easing Now

(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 said Friday.

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.

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Source: News (January 14, 2016 - 5:11 PM EST)

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