Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank stood ready to use every possible policy tool to achieve its 2 percent inflation target.
“There is no better opportunity than now to completely get out of deflation. Talking about the limits of monetary policy does not help at all,” Kuroda said in a speech to business leaders in Osaka, western Japan.
He added that the pace of the BOJ’s government bond buying may fluctuate under its new yield curve control, though there would be no policy implication to such changes.
The BOJ made an abrupt shift last week to targeting interest rates on government bonds to achieve its elusive inflation target, after years of massive money printing failed to jolt the economy out of decades-long stagnation.