BOJ's Nakaso warns market against betting on more easing | Reuters

April 10, 2015 7:48 AM

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BOJ's Nakaso warns market against betting on more easing
| Reuters

TOKYO (Reuters) - Bank of Japan Deputy Governor Hiroshi Nakaso has tempered market expectations that the bank will expand its stimulus program later this month, saying a cut in its inflation forecast would not be enough to justify more monetary easing.

Nakaso, one of Governor Haruhiko Kuroda's two deputies, said that while slumping oil costs have pushed inflation back to zero, rising wages and a steady economic recovery will underpin a long-term rise in prices.

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