Bank of Japan Deputy Governor Masayoshi Amamiya said on Thursday the central ban...
KAGOSHIMA, Japan - Bank of Japan Deputy Governor Masayoshi Amamiya said on Thursday the central bank was prepared to expand monetary stimulus to head off economic risks, warning that uncertainties over the fallout from protectionist policies were on the rise.
“The BOJ is no different from other major central banks, in that it is prepared to take, if necessary, policy action to prevent risks from materializing,” he said in a speech to business leaders in Kagoshima, southern Japan, echoing Governor Haruhiko Kuroda’s comments at the BOJ’s policy meeting on Tuesday.
But he said overseas risks were growing and could inflict broader damage to Japan’s economy by hurting business sentiment and destabilizing financial markets. If it were to ease policy further, the BOJ could cut rates, ramp up asset buying or accelerate the pace of money printing, he said.
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