Bank of Japan Deputy Governor Hirohide Yamaguchi hinted Thursday the central bank stood ready for additional easing measures in the event of a further strengthening in the Japanese currency, according to Dow Jones Newswires, which cited comments he made during a trip to western Japan
Yamaguchi stopped short of saying the yen's rise would prompt an immediate reaction, saying that time was needed to study effects before any policy moves. The Japanese central bank will take "appropriate policy responses with due recognition that there is a high degree of uncertainty for the time being, including the effects of a slowdown in overseas economies and the appreciation of the yen," Yamaguchi said
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