Bank of Japan Deputy Governor Hiroshi Nakaso has tempered market expectations that the bank will expand its stimulus programme later this month, saying a cut in its inflation forecast would not be enough to justify more monetary easing.
"What's important is the underlying trend of inflation dynamics, which are steadily improving," Nakaso told Reuters in an interview on Thursday.
"As long as there's no change to the underlying trend of inflation, additional monetary easing is unnecessary."
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