MNI BRIEF: BOJ To Manage Policy Timely On Stagflation - Mimino

Bank of Japan Deputy Governor Ryozo Himino said on Friday that the BOJ will manage monetary policy appropriately while remaining mindful of the risk of stagflation, with a focus on achieving its 2% price target.

Himino told lawmakers the bank will assess policy at each meeting based on the data available at the time.

He said Japan is not currently in stagflation, noting that CPI is moving close to the 2% target and GDP is growing above its potential rate. However, he added that the BOJ must remain alert to the risk of stagflation if the Middle East conflict is prolonged.