BoJ deputy governor says central bank ready to act

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Hirohide Yamaguchi, a deputy governor of the Bank of Japan, said today (July 25) that the central bank will introduce further monetary easing if the global outlook deteriorates, but gave an optimistic assessment of current risks to growth.

Delivering a speech at a meeting of business leaders in Hiroshima, Yamaguchi said policy needed to be ready to respond to downward pressure on economic activity. "When the outlook turns out to be weaker than expected or the risk associated with it intensifies

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