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BOJ's Kuroda reiterates readiness to ease more if needed

Published 04/06/2016, 09:21 PM
© Reuters. Bank of Japan Governor Haruhiko Kuroda attends the BOJ quarterly branch manager's meeting with BOJ board members at BOJ headquarters in Tokyo

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Thursday the central bank would take additional monetary easing steps if needed to achieve its 2 percent inflation target with an eye on risks to the economy and prices.

"Japan's economy continues to recover moderately as a trend, although some weaknesses are seen in exports and output," Kuroda said in a speech delivered to a quarterly meeting of the central bank's regional branch managers.

© Reuters. Bank of Japan Governor Haruhiko Kuroda attends the BOJ quarterly branch manager's meeting with BOJ board members at BOJ headquarters in Tokyo

The BOJ stunned markets by deciding in January to add negative interest rates to its massive asset-buying program in a fresh attempt to reflate the economy and accelerate inflation toward its ambitious 2 percent target.

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