The Bank of Japan will not scale back its monetary policy easing at the September meeting, Deputy Governor Kikuo Iwata said Thursday.
It is impossible to reduce the level of easing, Iwata told reporters.
As the inflation target of 2 percent has not been achieved yet, the bank would like to re-examine the transmission mechanism of policy effects, he told business leaders in Kanagawa earlier today.
He said the bank do not have any specific future directions of monetary policy at this moment.
"We would like to work with an open mind so that we can make an assessment from various perspectives and have a discussion in a productive manner on what should be done for the price stability target of 2 percent to be achieved at the earliest possible time," said Iwata.
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