Forex News The Bank of Japan is currently placing equal weighting on downside risks to the economy and upside risks to consumer prices, BOJ Governor Masaaki Shirakawa said Friday.
"We are carefully watching both...with no difference in weighting," Shirakawa said in answer to questions after giving a speech in Tokyo.
"The balance is fifty-fifty," he said, when asked by former BOJ Deputy Governor Sakuya Fujiwara, who was attending the speech, to express in numbers whether the BOJ was biased toward the economy or to fighting inflation.
The BOJ abandoned a two-year tightening bias in April due to a slowdown in the economy. Earlier this week, the BOJ board voted unanimously to leave the unsecured overnight call loan rate unchanged at 0.50%.
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