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BOJ: Additional easing possible

Jiji Press WASHINGTON (Jiji Press) — Bank of Japan Gov. Haruhiko Kuroda has expressed his view that the central bank may take additional monetary easing steps as necessary.

During a press conference after a two-day meeting of finance ministers and central bank governors from the Group of 20 economies in Washington through Friday, Kuroda denied the speculation that the BOJ has reached an impasse of monetary stimulus.

“We have room to consider further easing if needed,” Kuroda stressed.

The governor showed his understanding to some extent for the argument that under the current super-low rate environment, there are limitations to the traditional measure of lowering policy interest rates.

At the same time, Kuroda explained that each country is responding to the situation with nontraditional monetary measures, such as massive purchases of government bonds, suggesting that the BOJ still has policy steps to take, including additional easing.Speech

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