Bank of Japan's new policy framework is not tapering: Kuroda
- Target (TGT) November/December Comps Fell 1.3%; Lowers Guidance
- US Drone Market Could Reach 6 Million By 2019 - Oppenheimer
- Eli Lilly (LLY) to Acquire CoLucid Pharmaceuticals (CLCD) for $960M
- The FTC Confirms Antitrust Charges Against Qualcomm (QCOM) for Monopolizing Semiconductor Device Used in Cell Phones
- United Airlines (UAL) Tops Q4 EPS by 5c
Men walk toward the Bank of Japan (BOJ) building in Tokyo, Japan, September 21, 2016. REUTERS/Toru Hanai
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank's new policy framework would not result in a tapering of its massive asset-buying program.
"We will continue with our ultra-loose monetary policy to achieve 2 percent inflation at the earliest date possible," Kuroda told parliament.
"It is possible to ease policy further" by deepening negative interest rates, cutting the BOJ's 10-year government bond yield target or expanding asset purchases, he said.
(Reporting by Leika Kihara and Stanley White; Editing by Kim Coghill)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Futures flat ahead of Goldman results, Yellen speech
- U.S. Senate panel to question Trump's EPA pick over energy ties
- Gendarmes run amok at Ivory Coast's main port
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!