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Bank of Japan Governor Haruhiko Kuroda said on Tuesday that the central bank is ready to implement stimulus measures if strong yen hikes hurt the economy and jeopardize the realization of the economy. inflation target of 2%.
But he added that the BoJ would carefully consider the benefits and costs if it wanted to further relax monetary policy.
"Fluctuations in exchange rates could have an impact on the economy and prices, so it is crucial to take these factors into account to guide monetary policy," Kuroda told the parliament.
"If (the movements of money) have an impact on the economy and prices, and if we deem it necessary to reach our price target, we will consider a policy of easing", a- he declared.
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