TOKYO (Reuters) – Incoming Bank of Japan (BOJ) Deputy Governor Shinichi Uchida said on Tuesday the central bank shouldn’t modify its ultra-easy monetary policy just to address the side-effects of prolonged stimulus.
“The BOJ must maintain monetary easing. It shouldn’t modify easy policy just because there are side-effects. Rather, it must come up with ideas” to mitigate the costs and help sustain stimulus, Uchida told an upper house confirmation hearing.
(Reporting by Leika Kihara and Tetsushi Kajimoto; Editing by Tom Hogue)
