Investing.com - Bank of Japan Governor Haruhiko Kuroda on Monday said the central bank will make necessary adjustments to its aggressive easing while monitoring risks to growth and inflation.
"The QQE (quantitative and qualitative monetary easing) has been exerting its intended effects," he said to a meeting of bank staff.
He also repeated the BOJ's mantra that it will continue with QQE, aiming to achieve the price stability target of 2%, "as long as it is necessary for maintaining that target in a stable manner."
"The BoJ will continue to monitor both upside and downside risks to growth and inflation, and make adjustments as appropriate," he said.
The BoJ will release its quarterly report on economic conditions in Japan's nine regions at 1400 JST (0500 GMT). In July, one region upgraded its economic assessment from three months earlier while the remaining eight regions maintained their views, with all saying the economy was recovering.