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

TOKYO Wed Mar 5, 2014 11:43pm EST

Bank of Japan's (BOJ) Deputy Governor Kikuo Iwata poses for a photo after an interview with Reuters at the BOJ headquarters in Tokyo June 24, 2013. REUTERS/Toru Hanai

Bank of Japan's (BOJ) Deputy Governor Kikuo Iwata poses for a photo after an interview with Reuters at the BOJ headquarters in Tokyo June 24, 2013.

Credit: Reuters/Toru Hanai

TOKYO (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.

(Reporting by Tetsushi Kajimoto; Editing by Dominic Lau)

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