9/2, 3:50 AM (Source: TeleTrader)
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BoJ ready for further monetary easing if needed

Bank of Japan's Member of the Policy Board Goushi Kataoka said that the BoJ is prepared for and in favor of further monetary easing if it proves to be necessary.

The board member said that the central bank has to strengthen forward guidance on interest rate targets. He noted the county has yet to recover from low inflation and interest rates and that the risks to Japan's economic outlook remain skewed to the downside but that it is likely to recover as a trend.

Baha Breaking the News (BBN) / NL