Kuroda Says BoJ Will Hold On To Current Policy If Risks Do Not Materialize

Bank of Japan Governor Haruhiko Kuroda said he sees no need to alter the central bank’s current monetary policy, if risks do not materialize.

If the risks to the current inflation forecast do not materialize, the current policy will continue, Kuroda said at a press conference held after the Policy Board’s meeting today.

He said Japan can attain the BoJ’s price stability target of 2 percent inflation in late fiscal 2014 or in fiscal 2015.

Kuroda also noted that downside risks to Japan’s economy is receding.

At the end of a two-day meeting of the nine-member Policy Board on Wednesday, the BoJ decided to keep its monetary easing plan unchanged and retained its inflation forecasts for the next two years.

The material has been provided by InstaForex Company – www.instaforex.com

Read more here: Kuroda Says BoJ Will Hold On To Current Policy If Risks Do Not Materialize