March 7, 2018 / 5:36 AM / 9 months ago

BOJ shouldn't be bound by timeframe in hitting price goal: deputy governor nominee

TOKYO (Reuters) - The Bank of Japan should not be bound by a set timeframe to hit its price target and could consider options besides ramping up its bond-buying if it were to expand stimulus, Masazumi Wakatabe, a nominee for BOJ deputy governor, said on Wednesday.

“The BOJ shouldn’t be bound by a certain timeframe. Its policy should be data-dependent, not date-driven,” Wakatabe told an upper house confirmation hearing.

Reporting by Leika Kihara and Tetsushi Kajimoto; Editing by Chris Gallagher

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