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DUBAI, Sept. 23 (Xinhuanet) -- Japan's central bank governor said here
Tuesday his bank will maintain its current super-easy monetary policy until
deflation is overcome.
Bank of Japan (BOJ) Governor Toshihiko Fukui made the remarks at a joint
discussion of the World Bank and the International Monetary Fund annual meetings
which formally kicked off here earlier in the day.
"The BOJ is firmly committed to maintaining its current policy stance,
until the consumer price index stabilizes at zero percent or above," Fukui said.
"The government, together with the BOJ, will make continued efforts to
maintain the stability of the financial and capital markets, as well as to
overcome deflation," he said.
On the increasing signs of economic recovery in Japan, Fukui said in order
to achieve sustainable growth, the Japanese government will continue to pursue
structural reform, through deregulation, purging non-performing loans from the
banking sector, tax reforms and curbing growth in government debt.
"The government has ... taken rigorous measures to improve the quality of
financial institutions' capital, including the bold and prompt injection of
public funds" into undercapitalized banks, Fukui added.
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