TOKYO, Feb 24 (Reuters) - Incoming Bank of Japan (BOJ)
Deputy Governor Shinichi Uchida said on Friday it was
inappropriate to tweak ultra-loose monetary policy just to
respond to its side effects such as the impact it inflicts on
financial institutions' profits.
"The BOJ must maintain ultra-loose policy to support Japan's
economy," Uchida, the government's nominee to become the next
BOJ deputy governor, told a lower house confirmation hearing.
(Reporting by Leika Kihara; Editing by Christian Schmollinger)
Messaging: leika.kihara.reuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.