Kuroda warns of more QE if yen continues to strengthen

Haruhiko Kuroda
Bank of Japan governor Haruhiko Kuroda
European Central Bank

The Bank of Japan may use more quantitative easing if the exchange rate impedes inflation and export-driven growth, governor Haruhiko Kuroda told lawmakers in late February.

The central bank might have to consider the least preferred option – purchasing government bonds – if the strengthening yen hurts the 2% inflation target, Kuroda later said in an interview with Japanese newspaper Asahi Shimbun.

The yen gained about 4% in the last quarter of 2018.

Kuroda’s comments came as the Japanese

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