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MNI (London)
     TOKYO (MNI) - Bank of Japan Governor Haruhiko Kuroda said Tuesday that
China's economy is slowing now but it can achieve 6% economic growth due to
stimulus measures enacted by the government and central bank.
     "The Chinese economic growth is slowing but it can achieve 6% economic
growth. But looking ahead, its economic growth is expected to slow to a 5%
level, from the long run," Kuroda told lawmakers.
     Kuroda also said that the BOJ can deepen the short-term policy interest
rate further into negative territory from -0.1% but he added that the BOJ would
consider appropriate easy policy, while carefully examining both benefits and
costs.
     He added that the BOJ continues to closely watch the risk that the momentum
toward achieving the 2% price target will be lost.
     "If the risk increased that the price momentum will be lost, we without
hesitation conduct additional easy policy," Kuroda said.
--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
[TOPICS: MMJBJ$,M$A$$$,M$J$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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