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BOJ Kuroda: Monetary easing alone cannot achieve balanced growth
October 8, 2016 / 12:51 AM / a year ago

BOJ Kuroda: Monetary easing alone cannot achieve balanced growth

WASHINGTON, Oct 7 (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Friday it was difficult to achieve balanced economic growth with monetary policy alone.

Kuroda said there has been a shared understanding among Group of 20 major economies that policymakers must use monetary, fiscal and structural policies to achieve balanced economic growth.

“I don’t think there was a strong feeling shared among (G20 nations) that monetary policy was reaching its limits or that an over-reliance on monetary policy was causing big problems,” he told a news conference. (Reporting by Leika Kihara; Editing by Sandra Maler)

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