July 30, 2018 / 2:29 AM / a year ago

Japan's Suga: specifics of monetary policy up to BOJ

FILE PHOTO: Japan's Chief Cabinet Secretary Yoshihide Suga attends a news conference at Prime Minister Shinzo Abe's official residence in Tokyo, Japan May 29, 2017. REUTERS/Toru Hanai/File Photo

TOKYO (Reuters) - Japan’s top government spokesman said on Monday that it was up to the Bank of Japan to decide what specific monetary policy steps it would take.

Chief Cabinet Secretary Yoshihide Suga declined to comment when asked whether the BOJ will use its two-day policy meeting ending on Tuesday to lay the groundwork for an exit from quantitative easing.

The BOJ is likely to lower its inflation forecasts at a meeting ending Tuesday and could tweak its massive stimulus program to make its monetary policy more sustainable.

Reporting by Stanley White; Editing by Chang-Ran Kim

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