Bank of Japan's Kuroda vows further easing if price momentum lost

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank would not hesitate to take additional easing steps if risks to the economy grow and threaten momentum towards its 2% inflation target. 'We need to pay closer attention to the possibility that momentum towards achieving our price target will be lost,' Kuroda said in a speech at a quarterly meeting of the central bank's regional branch managers. The BOJ will also monitor the economic impact of Saturday's powerful typhoon and strive to maintain financial functioning and smooth settlement of funds, he said.

Reuters October 15, 2019 07:05:27 IST
Bank of Japan's Kuroda vows further easing if price momentum lost

Bank of Japans Kuroda vows further easing if price momentum lost

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank would not hesitate to take additional easing steps if risks to the economy grow and threaten momentum towards its 2% inflation target.

"We need to pay closer attention to the possibility that momentum towards achieving our price target will be lost," Kuroda said in a speech at a quarterly meeting of the central bank's regional branch managers.

The BOJ will also monitor the economic impact of Saturday's powerful typhoon and strive to maintain financial functioning and smooth settlement of funds, he said.

(Reporting by Tetsushi Kajimoto; Editing by Chris Gallagher)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

The S&P 500 retreats, crude gains as vaccine hopes boost recovery bets
Business

The S&P 500 retreats, crude gains as vaccine hopes boost recovery bets

By Stephen Culp NEW YORK (Reuters) - The S&P 500 and the Nasdaq retreated on Tuesday and oil prices extended the previous session's surge as promising developments toward an effective COVID-19 vaccine led investors away from market leaders and toward cyclical stocks associated with economic recovery. The blue-chip Dow, buoyed by industrial shares, gained ground and crude advanced as investors bet on a demand rebound

Oil gains nearly 3% on vaccine hopes, even as nations reimpose lockdowns
Business

Oil gains nearly 3% on vaccine hopes, even as nations reimpose lockdowns

By Laura Sanicola NEW YORK (Reuters) - Oil ended nearly 3% higher on Tuesday as hopes that a COVID-19 vaccine is on the horizon outweighed worries about a drop in fuel demand from new lockdowns to contain the virus. Brent crude futures settled up $1.21, or 2.9%, at $43.61 per barrel

Asian stocks extend gains as vaccine hopes support global reopening
Business

Asian stocks extend gains as vaccine hopes support global reopening

By Lawrence Delevingne BOSTON (Reuters) - Asian shares rose on Wednesday as hopes for a successful coronavirus vaccine lifted expectations of a swift reopening of the global economy, which would help the region's heavily trade-dependent markets.