January 31, 2019 / 5:50 AM / 23 days ago

BOJ has various tools if it needs to ease more: deputy governor Amamiya

Bank of Japan (BOJ) new Deputy Governors Masayoshi Amamiya (L) and Masazumi Wakatabe attend their inaugural news conference at the BOJ headquarters in Tokyo, Japan, March 20, 2018. REUTERS/Toru Hanai

SHIMONOSEKI, Japan (Reuters) - Bank of Japan Deputy Governor Masayoshi Amamiya said on Thursday the central bank had various tools available if it needed to ease monetary policy further.

“We won’t rule out various possibilities” including deploying a combination of several tools if the BOJ were to ramp up stimulus, Amamiya told a news conference after meeting business leaders in Shimonoseki, western Japan.

Under a policy dubbed yield curve control, the BOJ guides short-term interest rates at minus 0.1 percent and the 10-year government bond yield around zero percent.

Reporting by Leika Kihara; Editing by Chang-Ran Kim

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