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MNI BRIEF: BOJ Must Be Ready To Act Nimbly If Need: Amamiya

TOKYO (MNI)

BOJ must be ready to take swift, nimble action if and when needed, deputy governor says Monday

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The Bank of Japan must be ready to make 'nimble and effective' responses when needed to counter developments across the economy, Deputy Governor Masayoshi Amamiya said Monday .

"With a view to achieving the price stability target of 2%, it is appropriate for the BOJ to maintain accommodative financial conditions while continuing to pursue QQE with Yield Curve Control," Amamiya told business leaders. "In order to carry this out, the key is to enhance the sustainability of monetary easing by minimizing the policy costs during normal times," he added.

The Bank of Japan is currently conducting a review of its policy strategy, with the outcome expected to be published alongside the March Policy meeting statement.