BOJ deputy gov Iwata: ready to act if risks threaten 2 pct price goal

Reuters

TOKYO, Oct 18 (Reuters) - Bank of Japan Deputy GovernorKikuo Iwata said on Friday that the central bank is ready totake additional monetary policy steps if overseas risks threatenthe achievement of its 2 percent inflation target.

"We are ready to consider new measures if we think it willbe impossible to achieve 2 percent inflation," Iwata said at anuniversity symposium in Tokyo.

The BOJ offered an intense burst of monetary stimulus inApril, pledging to double base money via aggressive assetpurchases to meet its 2 percent inflation target in roughly twoyears. It has stood pat on monetary policy since then.

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