May 22, 2018 / 2:57 AM / a month ago

BOJ deputy governor Wakatabe: May need to shift policy depending on economic changes

TOKYO (Reuters) - Bank of Japan Deputy Governor Masazumi Wakatabe said on Tuesday the central bank may need to shift monetary policy if changes in the economic environment make its current policy inappropriate.

Bank of Japan (BOJ) new Deputy Governors Masazumi Wakatabe (R) and Masayoshi Amamiya attend their inaugural news conference at the BOJ headquarters in Tokyo, Japan, March 20, 2018. REUTERS/Toru Hanai

“My feeling now is that we can achieve our inflation target with the current policy,” Wakatabe, a former academic known as a vocal advocate of aggressive easing, told parliament.

“But that’s my view now. If conditions change and our current policy becomes inappropriate, we may need to change policy,” he said.

Reporting by Leika Kihara; Editing by Chris Gallagher

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