No further easing likely from Bank of Japan at November meet

Bank of Japan Governor Haruhiko Kuroda's tone has softened since a September policy meeting. Earlier this week Kuroda said that he would adjust policy to maintain inflation momentum if necessary, using relatively weaker language which suggests less urgency to add to stimulus.

“We will continue to make necessary policy adjustments to maintain the momentum toward our price-stability target, based on economic and price conditions,” Kuroda said in prepared remarks for a quarterly meeting of the central bank’s local branch managers.

Bloomberg reports a BOJ official telling Kyodo news agency that no further easing is expected from the BOJ at its monetary policy review meeting in November.

The central bank is expected to downgrade its consumer price projections at the Oct. 31-Nov. 1 meeting, but the BOJ already has adjusted its stance by promising to take longer to reach its 2 percent inflation target.