Bank of Japan’s Kuroda Pledges Action if Economic Downside Risks Emerge

Bank of Japan Governor Haruhiko Kuroda has committed to addressing any new potential risks that could impede the target of maintaining a 2% annual inflation rate by 2015. This statement was made during his speech to business leaders in Nagoya, Japan.

Kuroda emphasized that the Bank of Japan would respond by “adjusting monetary policy without hesitation.”

His comments follow recent statements from a board member, who cautioned that the central bank should not overlook the threats to economic growth, even in light of a weaker yen and rising stock prices that have generally improved market sentiment.