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Bank of Japan's Kuroda stresses resolve to maintain stimulus programme

Published on Jul 7, 2014 9:58 AM
 
Bank of Japan Governor Haruhiko Kuroda speaks during a news conference at the BOJ headquarters in Tokyo, on June 13, 2014. 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. -- PHOTO: REUTERS

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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