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BOJ's Kuroda warns on overseas risks, vows to conduct policy as appropriate

BOJ's Kuroda warns on overseas risks, vows to conduct policy as appropriate
FILE PHOTO: Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan July 30, 2019. REUTERS/Kim Kyung-Hoon -
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KIM KYUNG-HOON(Reuters)
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TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Thursday that he would guide monetary policy appropriately without any preset conditions in mind, while warning against heightening risks from the global economy and the Chinese-U.S. trade war.

Kuroda also said it was important for the central bank to stick patiently to its powerful monetary easing to maintain momentum towards achieving its 2% inflation target.

“Risks are skewed to the downside, mainly from overseas economies,” he said in a speech at an annual meeting for Japan’s securities industry.

(Reporting by Tetsushi Kajimoto; Editing by Chris Gallagher)

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