MNI BOJ Kuroda: To Mange Policy Timely without Preconception

     TOKYO (MNI) - Bank of Japan Governor Haruhiko Kuroda said Thursday that the

BOJ will manage monetary policy in an appropriate manner without any

preconceptions, while carefully examining various risks.

     The BOJ "needs to more pay attention to the risk that the momentum for the

price stability target will be lost as the slowdown in overseas economies

continues and downside risks to the global economy is increasing," he added.

     BOJ Kuroda, speaking at a meeting sponsored by the Securities Dealers

Association of Japan, noted that the BOJ must carefully examine developments in

overseas economies and their impact on Japan's economy and prices.

     However, he didn't elaborate on how to deal with the heightened risks and

what kinds of measures the BOJ would take at the upcoming policy-setting

meeting, scheduled for Oct. 30-31.

     Kuroda also said, "It is vital for the BOJ to patiently maintain the

powerful easy policy to achieve the price stability target."

     The BOJ policymakers will re-examine economic and price developments when

they meet in October.

--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

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