(MENAFN- Qatar News Agency) Bank of Japan Governor Haruhiko Kuroda said Monday the central bank has not set a time limit on its ultraloose monetary policy, hinting that large-scale easing may be kept intact beyond its current policy effect projection up to the end of 2014.
While the BOJ gives figures for the outstanding amounts of the monetary base and government bond holdings as of the end of this year and next year, Kuroda said in his speech in Nagoya that these are projected amounts under the current policy and do not suggest in any way a time limit of the policy conduct, Japan's (Kyodo) News Agency reported
He vowed that the BOJ will continue with its large-scale monetary policy to achieve an inflation target of 2% "as long as it is necessary for maintaining the target in a stable manner.
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