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Yamaguchi: BoJ May Ease Monetary Policy Further, If Needed

Bank of Japan Deputy Governor Hirohide Yamaguchi said Thursday that the central bank may ease monetary policy again, if necessary.

"It could be the case that further accommodation will be pursued, while examining the situation of economic activity and prices, if necessary," he said during a speech at a meeting in Nagasaki.

"The Bank intends to aggressively pursue monetary easing in a continuous manner, and judged that, by being committed to continuing such massive fund-provisioning next year onward at this stage, it would like to make the already accommodative financial conditions further accommodative," the policymaker said.

Last week, BoJ adopted a 2 percent inflation target as sought by the government and pledged to start open-ended asset purchases from the January next year.

BoJ will pursue monetary easing aggressively with the aim of achieving the "price stability target," Yamaguchi said at the meeting.

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