TOKYO : Incoming Bank of Japan (BOJ) Governor Kazuo Ueda said on Monday it was appropriate for the central bank to maintain ultra-loose policy while coming up with ideas to mitigate the side-effects of prolonged monetary easing.'There are various side-effects emerging, but the BOJ's current policy is nece
TOKYO : Incoming Bank of Japan Governor Kazuo Ueda said on Monday it was appropriate for the central bank to maintain ultra-loose policy while coming up with ideas to mitigate the side-effects of prolonged monetary easing.
"There are various side-effects emerging, but the BOJ's current policy is necessary and appropriate" to achieve its 2 per cent inflation target, Ueda, the government's nominee to become the central bank's next governor, told an upper house confirmation hearing.
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