Bank of Japan's Kuroda pledges action if economic downside risks emerge

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Investing.com - Bank of Japan Governor Haruhiko Kuroda pledged to counter any new downside risks to the goal of sustained annual inflation of 2% by 2015, according to remarks Monday made in a speech to business leaders in Nagoya, Japan.


Kuroda said the BoJ would act by "adjusting monetary policy without hesitation."

The remarks come after comments last week by a board member that the BoJ should not underestimate the downside risks to economic growth even as a weaker yen and higher share prices have boosted sentiment.

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