Bank of Japan's Kuroda stresses resolve to maintain stimulus programme
Published on Jul 7, 2014 9:58 AM
TOKYO (Reuters) - The governor of the Bank of Japan on Monday stressed the central bank's resolve to maintain its massive stimulus programme for as long as necessary to achieve its 2 per cent inflation target.
Haruhiko Kuroda also said the world's third-largest economy is set to continue recovering moderately as a trend, despite the pain from a domestic sales tax hike in April on household spending.
"The BOJ will examine upside and downside risks to the economy and prices, and adjust monetary policy as needed," he told a quarterly meeting of the BOJ's regional branch managers.
Kuroda said Japan's financial system has remained stable as a whole, and that the central bank's stimulus programme has been exerting its intended effects in pulling the country out of 15 years of deflation.
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