July 4, 2018 / 5:49 AM / 4 months ago

BOJ's Harada - monetary stimulus could weaken before CPI tops 2 percent

KANAZAWA, Japan (Reuters) - Bank of Japan board member Yutaka Harada said on Wednesday that the central bank could weaken the degree of easing before inflation exceeded 2 percent, while examining both the benefits and costs of massive monetary stimulus.

Inflation is maintaining its momentum with the output gap tightening, and it may reach the BOJ’s 2 percent target if the jobless rate falls below 2 percent, Harada told a news conference after speaking to business leaders in the western coastal city of Kanazawa.

Reporting by Takashi Umekawa; Writing by Tetsushi Kajimoto

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