Kuroda says BOJ's easing tools not limited to rate cuts

 Kuroda says BOJs easing tools not limited to rate cuts

NAGOYA, Japan (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank has not limited its monetary easing tools to interest rate cuts, stressing that other options remain on the table if it were to ramp up stimulus.

"There is no change to our understanding that, besides lowering policy rates, there are various possible measures for additional easing," such as expanding asset purchases or accelerating the pace of money printing, Kuroda said in a speech to business leaders in Nagoya, central Japan.

The BOJ kept monetary policy steady on Thursday as expected but gave the strongest signal to date that it may cut rates in the near future, underscoring its concern that overseas risks could derail a fragile economic recovery.

(Reporting by Leika Kihara; Editing by Chris Gallagher)

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

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.

Updated Date: Nov 05, 2019 07:06:35 IST