Japan Economy Minister Goto: BOJ must respond nimbly to downside risks

Kitco Media
By Reuters
Published:
Updated:
Reuters
TOKYO, May 15 (Reuters) - Japan's Economy Minister Shigeyuki Goto said on Monday he hoped the central bank will respond nimbly to any sharp changes in or downside risks to the economy. In a press conference, Goto said the government "recognises and believes it is meaningful" for the Bank of Japan (BOJ) to conduct a review of its unconventional monetary policy steps to combat deflation in the past 25 years. "The BOJ has said the review won't bind its policy conduct when economic conditions change. When various downside risks emerge, and the economy and financial conditions change, the BOJ must respond nimbly," Goto said. (Reporting by Leika Kihara; Editing by Kim Coghill)

Messaging: leika.kihara.reuters.com@reuters.net))
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