MNI BRIEF: BOJ's Ueda Sees Limit To Boost Economy Via Easing

The Bank of Japan has limited room to stimulate the economy via policy rate, currently 0.5%, cuts if growth comes under pressure, Governor Kazuo Ueda told lawmakers Tuesday.

Underlying inflation still has some way to go before reaching the 2% target, Ueda said, emphasising that the BOJ's priority is to firmly anchor inflation at that level.

He added that financial conditions will remain accommodative until the target is achieved, but the central bank will consider raising interest rates if the probability of underlying inflation reaching 2% increases.