Asia Kuroda says BOJ can deliver more stimulus

Kuroda says BOJ can deliver more stimulus

Image result for Kuroda says BOJ can deliver more stimulus: Bloomberg
Bank of Japan Governor Haruhiko Kuroda

Bank of Japan Governor Haruhiko Kuroda said the central bank can deliver more monetary stimulus if necessary,The BOJ will ease further if the momentum toward its 2% inflation target is lost, Kuroda said.

Japan, where central bankers and finance chiefs from the Group of 20 met over the weekend.

Kuroda, however, said the BOJ did not need to act now, citing the health of the economy.

Asked if the BOJ still had the capacity to do “something big,” Kuroda said: “I think so.

The options would be cutting the -0.1% negative rate further, lowering the target for 10-year yields, increasing the monetary base, or boosting asset purchases, he was quoted as saying.

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