BOJ's Kuroda says ready to ease if needed to hit price target

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Reuters TOKYO
Last Updated : Jul 07 2016 | 6:22 AM IST

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Thursday the central bank is ready to take additional monetary easing steps if needed to achieve its 2 percent inflation target.

"Japan's economy is expected to expand moderately as a trend," Kuroda said in a speech delivered at a quarterly meeting of the central bank's regional branch managers.

The BOJ has kept monetary policy steady since January, when it decided to add negative interest rates to its massive asset-buying programme in a fresh attempt to accelerate inflation towards its 2 percent target.

(Reporting by Leika Kihara; Editing by Chris Gallagher)

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First Published: Jul 07 2016 | 6:02 AM IST

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