Thursday, May 24, 2012

Reuters: US Dollar Report: BOJ Shirakawa: To keep pursuing powerful easing

Reuters: US Dollar Report
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BOJ Shirakawa: To keep pursuing powerful easing
May 24th 2012, 06:38

TOKYO | Thu May 24, 2012 2:38am EDT

TOKYO May 24 (Reuters) - Bank of Japan Governor Masaaki Shirakawa said on Thursday the central bank will continue efforts to beat deflation with its asset-buying programme, its key monetary easing tool.

"The BOJ has pledged to pursue powerful monetary easing by keeping interest rates effectively at zero and purchasing assets to achieve 1 percent consumer inflation," Shirakawa said in a lower house parliamentary committee.

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