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BOJ's Kuroda says he is 'more positive' on further easing

Japan's central bank stands pat ahead of expected Fed rate cut

Bank of Japan Governor Haruhiko Kuroda speaks in Tokyo on Tuesday. Earlier the bank said in a statement that it would "not hesitate to take additional easing measures if there is a greater possibility that the momentum toward achieving the price stability target will be lost.”    © Reuters

TOKYO -- Bank of Japan Governor Haruhiko Kuroda said on Tuesday that he is "more positive" about easing policy further to reach his 2% inflation target, as other central banks shift to a more accommodative stance.

Kuroda spoke after the BOJ decided to keep existing policy measures by a vote of 7 to 2. This includes guiding long-term interest rates to around zero and short-term rates to minus 0.1%, while increasing holdings of Japanese government debt by 80 trillion yen a year and corporate equity by 6 trillion yen.

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