November 5, 2019 / 5:08 AM / 3 months ago

BOJ Kuroda: Mixing fiscal, monetary steps will boost growth

FILE PHOTO: Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan July 30, 2019. REUTERS/Kim Kyung-Hoon

NAGOYA, Japan (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Tuesday a mix of fiscal and monetary stimulus would give a bigger boost to the economy than taking fiscal and monetary measures individually.

But he added the central bank won’t intentionally time any monetary easing steps with the government’s decision to ramp up fiscal spending.

“If the government saw the need to use fiscal policy (to support growth), a mix of fiscal and monetary policies would have a bigger impact than deploying fiscal and monetary steps separately,” he told a news conference after meeting with business leaders in Nagoya, central Japan.

Reporting by Leika Kihara; Editing by Chang-Ran Kim

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