Reuters: US Dollar Report: UPDATE 1-BOJ's Kuroda says will use all available means to beat deflation

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-BOJ's Kuroda says will use all available means to beat deflation Apr 2nd 2013, 00:54 Mon Apr 1, 2013 8:54pm EDT * Kuroda repeats pledge of hitting BOJ's price goal in 2 years * Adds important to affect market expectations * BOJ set to ease this week, debate overhaul of framework By Leika Kihara TOKYO, April 2 (Reuters) - Bank of Japan Governor Haruhiko Kuroda said the central bank will use all options available to achieve its 2 percent inflation target, reinforcing expectations of bold monetary stimulus ahead of his first policy-setting meeting on Thursday. He also reiterated his pledge of achieving the inflation target in two years by taking aggressive monetary policy both in terms of the volume and type of assets it purchases. "It is not easy to beat deflation, which has continued in Japan for 15 years. But the BOJ will use all options available and do whatever it takes to show markets its strong commitment," Kuroda told a lower house parliament committee on Tuesday. "It's important to communicate well our strong commitment to change market expectations. It's also important to meet expectations with action, so we will take bold easing measures," he said. The central bank is expected to boost asset purchases, targeting longer-dated government bonds, and debate an overhaul of its policy framework at the two-day rate review that kicks off on Wednesday. But Kuroda may struggle to convince others on the board of the need for a radical makeover of the BOJ's policies. While the nine board members see the need for further monetary easing, some are reluctant of making the leap too hastily. Link this Share this Digg this Email Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions