TOKYO, Feb 27 (Reuters) - Incoming Bank of Japan (BOJ)
Governor Kazuo Ueda said on Monday it was appropriate for the
central bank to maintain ultra-loose policy while coming up with
ideas to mitigate the side-effects of prolonged monetary easing.
"There are various side-effects emerging, but the BOJ's
current policy is necessary and appropriate" to achieve its 2%
inflation target, Ueda, the government's nominee to become the
central bank's next governor, told an upper house confirmation
hearing.
(Reporting by Leika Kihara and Tetsushi Kajimoto; Editing by
Jacqueline Wong)
Messaging: leika.kihara.reuters.com@reuters.net))
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