Bank of Japan Deputy Governor Kikuo Iwata said the central bank would act quickly if a Chinese economic degeneration undermined the price trends even though they are on course to hit its 2% inflation target.
In a prepared speech for business leaders in Okayama prefecture, Kikuo pointed out perils to Japanese growth will possibly remain skewed to the downfall for the time being due to sluggish growth in developing economies.
The BOJ official also said the current BOJ policy seeks to lower real interest rates by pushing down nominal rates and bolstering inflation projections.
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