Thursday, January 30, 2014

Japan PM Abe says to keep revision to BOJ law as future option

(Reuters) - Japanese Prime Minister Shinzo Abe said on Wednesday that he is trusting the Bank of Japan governor but will leave revision to the law guaranteeing central bank independence as a future option.

Abe, speaking to lawmakers in parliament, also said he hopes the BOJ will steadily proceed with bold monetary easing to beat deflation, while paying heed to jobs conditions.

On the possibility of further monetary easing, Abe said specific steps should be left to the BOJ to decide, citing Governor Haruhiko Kuroda's remark that the bank would not hesitate to make adjustments as needed if the path to meet its 2 percent price goal is threatened.

reuters.com

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