The Bank of Japan (BoJ) Governor Haruhiko Kuroda reiterated on Monday that the central bank will add further stimulus measures to boost inflation toward 2% target if needed.
"We'll ease policy or take whatever steps necessary without hesitation if an early achievement of our price target becomes difficult," he said.
Kuroda pointed out that further slowdown in the emerging economies may hurt Japanese exports and production.
The BoJ governor noted that companies should raise wages.
"If Japan were to emerge from deflation and see inflation hit 2 percent, it's important that companies start preparing for that moment by investing more on human resources and capital expenditure," Kuroda said.