TOKYO : Incoming Bank of Japan Deputy Governor Shinichi Uchida said on Tuesday the central bank shouldn't modify its ultra-easy monetary policy just to address the side-effects of prolonged stimulus.
The remarks follow those of incoming BOJ Governor Kazuo Ueda on Monday suggesting his preference to spend"plenty of time" if the central bank were to conduct a review of its policy framework. "In what order and at what timing the BOJ will make these adjustments will depend on economic and financial developments at the time," Uchida said.
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