September 25, 2019 / 2:13 AM / 2 months ago

BOJ Masai says ready to ease further if price momentum lost

FILE PHOTO: Bank of Japan's (BOJ) new board member Takako Masai attends a news conference at the BOJ headquarters in Tokyo, Japan, June 30, 2016. REUTERS/Toru Hanai

TOKYO (Reuters) - Bank of Japan board member Takako Masai said on Wednesday the central bank stood ready to ease policy further without hesitation if momentum for hitting its 2% price target was lost, adding she was concerned about mounting risks from overseas economies.

“My recent concern is that, amid significant downside risks concerning overseas economies, negative effects would be exerted on prices,” Masai said in a speech to business leaders in Mie, central Japan, posted on the BOJ’s website.

She added that the BOJ would also consider all conceivable adverse and positive effects from every perspective in guiding policy.

Masai, a former commercial bank executive, has voted with the majority since joining BOJ’s board in 2016.

Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim

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