March 4, 2019 / 5:24 AM / 3 months ago

Japan PM Abe: Trust Kuroda's ability, leave monetary policy up to him

FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda (L) meets with Japan's Prime Minister Shinzo Abe at Abe's official residence in Tokyo, Japan, April 9, 2018. REUTERS/Toru Hanai/Pool

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Monday that he trusted Bank of Japan Governor Haruhiko Kuroda’s ability to guide monetary policy and that he would leave specific steps up to him.

Abe made the remark at the upper house budget committee.

Kuroda, speaking at the same session, said he would pay attention of the risk of monetary stimulus lowering financial intermediation and destabilising the financial system.

Reporting by Tetsushi Kajimoto

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