Japan may further reduce monetary policy

Member of the Board of the Bank of Japan Ryuji Miyao said Wednesday that the Central Bank further soften monetary policy, if implemented the downside risks to the Japanese economy and exacerbated fears about the prospects for the U.S. economy, reports Dow Jones Newswires.

"Because of uncertainty about the prospects, mainly the U.S. economy grows, we must be vigilant in regard to the downside risks to our economy", - said Miyao, speaking to the heads of companies in Tokushima Prefecture in southern Japan. "Very carefully monitoring the economic and price developments in Japan, we will promptly take appropriate action when necessary", - he said.
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