Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Monday that economic growth is gathering momentum and increasing the chances of inflation hitting his 2percent target, reinforcing market expectations that no additional stimulus is forthcoming.
They also counter calls from board newcomer Goushi Kataoka that more easing may be needed to hit 2 percent inflation.
Kataoka dissented to the BOJ’s decision to keep monetary policy steady in September and October. At last month’s rate review, Kataoka said the central bank should make a stronger commitment to ramp up stimulus if domestic factors threaten to delay achievement of the price goal.
Minutes of the September rate review, however, showed that many in the nine-member board believed the BOJ’s current policy was sufficient to achieve 2 percent inflation.
Bank of Japan Governor Haruhiko Kuroda said on Monday he saw no immediate need to tweak the pace or the way it buys exchange-traded funds (ETF) under its massive stimulus programme.
Reference: Reuters
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