December 21, 2018 / 7:33 AM / 3 months ago

Japan's top MOF official says BOJ has many options on policy

Japan's Vice Finance Minister Shigeaki Okamoto (R) talks with Reuters Japan Bureau Chief William Mallard during a Reuters Newsmaker event in Tokyo, Japan, December 21, 2018. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) - Japan’s top finance ministry bureaucrat said on Friday that the Bank of Japan has many policy tools and he expected the central bank to examine its options and act appropriately when necessary.

Administrative Vice Finance Minister Shigeaki Okamoto, speaking at a Reuters Newsmaker event in Tokyo, also said sudden currency moves are undesirable.

Okamoto, former director-general of the budget bureau, was promoted to the current post in an annual personnel reshuffle at the ministry in July.

Reporting by Stanley White; Editing by Shri Navaratnam

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