Mr Abe announced this month a stimulus package amounting to around 26 trillion yen spread over the coming years, with fiscal measures around half that figure to aid disaster relief, protect against downside economic risks and prepare the country for what comes after the 2020 Tokyo Olympics.
Meanwhile, BOJ's Mr Kuroda said that the central bank would ease policy further without hesitation if the momentum towards its 2 per cent inflation goal came under threat, a sign of his readiness to top up its already massive monetary stimulus. "While continuing to carefully examine various risks, the BOJ will not hesitate to take additional easing measures if there is a greater possibility that the momentum towards achieving the price stability target will be lost," he said.
Stability in financial markets and some signs that strains on global economy were reducing have bolstered the view that the central bank will avoid easing or tightening policy for the time being."Uncertainties over the global economy, including developments in US-China trade negotiations, have eased somewhat," Mr Kuroda said. Still,"the BOJ considers that downside risks regarding the outlook for the global economy remain significant".
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