WASHINGTON Oct 8 Bank of Japan Governor
Haruhiko Kuroda said on Saturday there will be no significant
changes in the management of the central bank's balance sheet
going forward under its new framework.
"From the viewpoint of policymakers, a negative interest
rate policy and asset purchases are not mutually exclusive,"
Kuroda said in a speech at Brookings Institution.
He also played down the idea by some academics that central
banks should raise their inflation targets from 2 percent to
around 4 percent to address declines in inflation expectations.
"Based on Japan's experience, the argument that a central
bank can lift inflation expectations of various entities simply
by raising its inflation target seems a bit naive to me."
The BOJ last month shifted its policy target to interest
rates from base money, a move some analysts saw as paving a way
for a future tapering of the bank's massive balance sheet.
(Reporting by Leika Kihara; Editing by Andrea Ricci)