BoJ's Nishimura sees no need for liquidity cut

Kiyohiko Nishimura, one of the Bank Japan's nine policy board members, sees no need to end the bank's super-loose monetary policy and cut its liquidity reserve target any time soon even as the country shows signs of pulling out of its deflationary cycle, the Jiji Press reported.

'I do not think that we face any impending situation, such as (a surge in) inflation,' the newswire quoted Nishimura as saying in an exclusive interview.

'Therefore we can manage the monetary policy with some latitude