BoJ's actions could help everyone: U.S. Fed official

DAYTON, Ohio Thu Apr 4, 2013 10:58am EDT

Dennis Lockhart, President, Federal Reserve Bank of Atlanta, takes part in a panel discussion titled ''Twist and Shout: The Limits of U.S. Monetary Policy'' at the Milken Institute Global Conference in Beverly Hills, California May 1, 2012. REUTERS/Danny Moloshok

Dennis Lockhart, President, Federal Reserve Bank of Atlanta, takes part in a panel discussion titled ''Twist and Shout: The Limits of U.S. Monetary Policy'' at the Milken Institute Global Conference in Beverly Hills, California May 1, 2012.

Credit: Reuters/Danny Moloshok

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DAYTON, Ohio (Reuters) - A top U.S. Federal Reserve policymaker on Thursday gave a cautious endorsement of the Bank of Japan's aggressive move to boost the Japanese economy, saying it could help economies globally.

"Having Japan over the last many years going in and out of deflationary periods and being poised on the knife's edge of deflation and reflation, versus growth, is not a healthy element of the global scene," Atlanta Fed President Dennis Lockhart told reporters.

"So their preparedness to take more aggressive action, if it works, will certainly help everyone."

(Reporting by Jonathan Spicer; Editing by James Dalgleish)

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