TOKYO, Feb 28 (Reuters) - Incoming Bank of Japan (BOJ)
Deputy Governor Ryozo Himino said on Tuesday the central bank
must focus on supporting the economy with ultra-loose monetary
policy, despite the pain prolonged low interest rates inflict on
financial institutions' profits.
"It's true there are side-effects in the BOJ's current
policy. When looking at trend inflation, however, there are
early positive signs towards achieving price stability," Himino
told an upper house confirmation hearing.
(Reporting by Leika Kihara
Editing by Shri Navaratnam)
Messaging: leika.kihara.reuters.com@reuters.net))
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