Japan’s central bank may adjust its policies as overseas conditions change, Deputy Economy Minister Yasutoshi Nishimura said during a trip to Hong Kong to explain the nation’s economic measures.
“The Bank of Japan has various options for its decisions as events unfold in the markets or overseas,” Nishimura, 50, said yesterday in an interview. “It will basically continue conducting its current policy, while being able to make various adjustments such as increasing the frequency of its bond purchases.”
Pedestrians walk past the Bank of Japan headquarters in Tokyo. Policy makers at the previous BOJ meeting in June refrained from expanding their tools to address bond-market volatility. Photographer: Kiyoshi Ota/Bloomberg
The central bank is forecast to keep its easing program on hold in a decision due today after signs that a recovery in the world’s third-biggest economy is gathering steam. Nishimura’s comments echo those of BOJ Governor Haruhiko Kuroda who has said the bank will make policy adjustments as needed since unleashing unprecedented easing in April.