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BOJ deputy governor signals further monetary stimulus

Vice President pass wide show said policymakers should not miss any "window of opportunity" victory over deflation, now the Japanese economy's moderate recovery to the expected picks up, the overseas market growth thanks to open.
", the central bank may take further monetary easing, if think it is necessary to carefully review, at the same time, the development of economy and prices, he said: "on Thursday in a speech enterprise management personnel in Nagasaki, Japan, south.
"In the past, we are ready to take decisive policy response, said:" mountain pass, the central bank vice President of.
The bank of Japan twice this month % to 2% inflation target, and switch to a member of any number of commitment, next year to buy assets, to deal with the fierce new prime minister, Shinzo Abe, (Shinzo Abe) take more bold try to beat the deflation pressure.
The government's economic team held two days later, the Japanese central bank interest rate review meeting, the central bank governor, BaiChuan FangMing (Masaaki Shirakawa said, it is possible to further increase asset purchase, money into the economy of space.
The pass of the global economy provides a positive evaluation, pointed out that in the United States and China's some bright sign, may contribute to the Japanese economy continue to moderate recovery in this years or so.
Consumer price inflation could reach 1%, in March 2015, he says, if economic recovery as expected, this opportunity to policy makers, in a sustainable way to end deflation.
"Now is a very good chance, Japan over deflation," said pass. "We should not miss this window of opportunity".
Little room, in order to reduce the already very low interest rates, the central bank in 2010 set up an asset purchase and loan programs, as its main looser monetary policy tools. According to the plan, the commitment by the end of this year and switch open asset purchase plan from next market pump 101 trillion yen ($1.11 trillion),.
Pass said, no member quota commitment shows that the central bank's determination to maintain its super easy monetary policy, and won't interrupt, this means that any further policy loose will further increase the assets in the form of purchase.
Central bank governor career and pass on the future development direction of the monetary policy, the market think he in those who yearn for in time of need, in order to ease the positive signal is a key figure. His five-year term on March 19 end.



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