BOJ’s Amamiya says Fed rate cut positive for Japan’s economy By Reuters

KAGOSHIMA, Japan (Reuters) – Bank of Japan Deputy Governor Masayoshi Amamiya said on Thursday the U.S. Federal Reserve’s decision to cut interest rates would likely have a positive effect on the global and Japanese economies by keeping U.S. growth on a solid footing.

He also said the BOJ, like other central banks, stood ready to ramp up stimulus “without hesitation” to pre-empt risks of the economy losing momentum toward achieving its price target.

“Japan’s economy is sustaining its momentum to achieve our price target,” Amamiya said in a speech to business leaders in Kagoshima, southern Japan. “But we need to guard against the risk of this momentum being lost.”