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BOJ's Kuroda stands ready to explain bold monetary policy

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(Globalpost/GlobalPost)

Bank of Japan Governor Haruhiko Kuroda said Thursday he stands ready to explain the central bank's aggressive monetary easing policy to other Asian countries, amid concern it could have an adverse impact on their economies.

"I am ready to provide sufficient explanation about it if our Asian neighbors have questions," Kuroda, who is currently visiting India for the Asian Development Bank's annual meeting, told reporters. "I hope to exchange opinions on the matter with each country."

Kuroda said he is aware of lingering worries about negative spillover effects that could occur as a result of monetary easing by developed countries, including massive fund inflows and asset bubble formation, but signs of such problems have not been seen so far.

On the sidelines of the ADB's two-day annual meeting starting Saturday in Greater Noida on the outskirts of New Delhi, finance ministers and central bank chiefs from the Association of Southeast Asian Nations and Japan are expected to meet to discuss financial cooperation.

Kuroda, who was the eighth president of the ADB and had served in the post since 2005, stepped down in March to become BOJ governor.

==Kyodo

http://www.globalpost.com/dispatch/news/kyodo-news-international/130502/bojs-kuroda-stands-ready-explain-bold-monetary-policy