Bank of Japan chief vows ’bold’ monetary easing

The Bank of Japan’s new chief said on Tuesday that policymakers would live up to market expectations for “bold” monetary easing, ahead of his first policy meeting since taking up the post last month.

The two-day meeting, which starts Wednesday, comes as BoJ Governor Haruhiko Kuroda has repeatedly talked up his plans to stoke the economy and reverse years of deflation that has crimped private spending and corporate investment.

“It is not easy to break out of 15 years of deflation,” he told a parliamentary committee on Tuesday.

via Business feed http://www.scmp.com/business/economy/article/1205397/bank-japan-chief-vows-bold-monetary-easing