Supply constraints to ease from autumn: BOJ's Nishimura
YOKOHAMA, Japan |
(Reuters) - Bank of Japan Deputy Governor Kiyohiko Nishimura said on Thursday that supply constraints resulting from last month's earthquake and tsunami are likely to ease around autumn and beyond, but he warned of risks from a prolonged nuclear crisis.
"We need to pay attention to the risk that delays in resolving the nuclear plant problem will lead to continued power supply shortages, and that the spread of harmful rumors at home and abroad could impact Japan's exports significantly," Nishimura said in a speech to business leaders in Yokohama, south of Tokyo.
Nishimura, a former university professor and a statistics expert, joined the board in 2005 and was appointed a deputy governor in March 2008. He has voted with the majority on policy decisions and mostly toed the bank's official line.
The BOJ is expected to hold off on any further easing of monetary policy at its April 28 rate review but will consider giving clearer signals to the market that surging commodity costs alone would not shake its commitment to ultra-easy policy, even if they nudge up consumer prices, sources familiar with the central bank's thinking said.
(Reporting by Rie Ishiguro; Editing by Edmund Klamann)
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