BOJ must maintain ultra-loose policy -Deputy Governor Himino

Kitco Media
By Reuters
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Updated:
Reuters
TOKYO, March 29 (Reuters) - It is important to maintain ultra-loose monetary policy in order to support Japan's economy and lay the groundwork for companies to hike wages, Ryozo Himino, deputy governor of the Bank of Japan (BOJ), said on Wednesday. His comment came in a parliament session at which BOJ Governor Haruhiko Kuroda said Japan was heading closer to sustainably achieve the bank's 2% target as wage pressures were heightening. Kuroda's second, five-year term ends in April. (Reporting by Leika Kihara; Editing by Clarence Fernandez)

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