Bank of Japan's new policy framework is not tapering: Kuroda

October 3, 2016 4:40 AM EDT

Men walk toward the Bank of Japan (BOJ) building in Tokyo, Japan, September 21, 2016. REUTERS/Toru Hanai


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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)



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