The Bank of Japan could additionally ease monetary policy to boost the country’s economy through further purchases of riskier assets under its current program, one of the central bank’s policymakers said, Kyodo News reported.
Takahide Kiuchi, who assumed one of the nine seats on the BOJ’s decision-setting Policy Board in July, also said he would not exclude the possibility that the bank may lower its inflation forecasts in an upcoming economic outlook report.
The comments could add to the view that the BOJ will continue to step up its battle against Japan’s chronic deflation, even after it surprised financial markets last week by downgrading its economic view and implementing fresh monetary easing.
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