BOJ's Kuroda warns against easing up on fiscal discipline

Thu Aug 8, 2013 3:41am EDT
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TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Thursday stressed that the Japanese government must keep up efforts to restore the country's fiscal health.

"If fiscal discipline loosens, that may indirectly diminish the impact of the BOJ's monetary easing," Kuroda told a news conference.

The BOJ kept monetary policy steady and held off on revising up its assessment of the economy on Thursday, opting to wait for more clues on whether the increasingly positive mood will encourage companies to ramp up spending.

(Reporting by Leika Kihara and Stanley White; Editing by Edmund Klamann)

Bank of Japan Governor Haruhiko Kuroda leaves after a news conference at the BOJ headquarters in Tokyo July 11, 2013. REUTERS/Toru Hanai