OKYO: Bank of Japan governor (BoJ) Haruhiko Kuroda signalled his readiness to ease monetary policy further using existing or new tools, shrugging off growing market concerns that the bank is reaching its limits after an already massive stimulus programme.
He also stressed the BoJ's comprehensive assessment of its policies later this month won't lead to a withdrawal of easing.
But Kuroda acknowledged that the BoJ's negative interest rate policy may impair financial intermediation and hurt public confidence in Japan's banking system, a sign the central bank is becoming more mindful of the rising cost of its stimulus.