Shirakawa pledges to keep policy loose

masaaki-shirakawa

Masaaki Shirakawa, governor of the Bank of Japan, promised on Monday to maintain a loose monetary regime that would fight off deflation in a speech to a quarterly meeting of the central bank's regional branch managers.

The Bank of Japan recognised the importance of pulling out of deflation and returning to sustainable growth with price stability, Shirakawa said according to Reuters, a news wire.

He stressed that the Bank of Japan would "patiently continue to work" towards curbing price falls and

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