BOJ's Iwata: To adjust policy if risks threaten price goal

TOKYO, March 6 Wed Mar 5, 2014 11:33pm EST

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TOKYO, March 6 (Reuters) - Bank of Japan Deputy Governor Kikuo Iwata reiterated on Thursday that the central bank will adjust policy appropriately if risks to its economic outlook threaten the 2 percent inflation target.

Iwata, speaking before the upper house budget committee, said Japan's economic recovery will continue moderately despite a sales tax hike to 8 percent from the current 5 percent in April.

"The economy is on steady track towards achieving the 2 percent price goal," Iwata said.

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A tourist takes a plunge as she swims at Ngapali Beach, a popular tourist site, in the Thandwe township of the Rakhine state, October 6, 2013. Picture taken October 6, 2013. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY) - RTR3FOI0

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