Economic news

BOJ governor says 'no reason' to reduce monetary incentive

Governor of the Bank of Japan Haruhiko Kuroda said there is "no reason" to withdraw the policy of quantitative easing and to reduce monetary stimulus as inflation in Japan is far from the planned rate of 2%.

Despite some improvements in the economy and the dynamics of prices there is a long way toward BOJ goals, according to Kuroda.

Earlier, on March 16, the Bank of Japan decided to keep the current monetary policy in effect. The regulator plans to support rates in the economy at the current level and to maintain the pace of asset buying.

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