Investing.com - Bank of Japan Governor Haruhiko Kuroda said Monday that more easing options cannot be ruled out to get to sustained 2% inflation, arguing the benefits outweighed the cost of such monetary policies.
Kuroda added that a further cut in negative interest rates remains an option for the central banks as does an increase in asset purchases.
"Even within the current framework, there is ample room for further monetary easing in either of three dimensions - quantity, quality and the interest rate - and other new ideas should not be off the table," Kuroda said, repeating recent remarks.
"What we should bear in mind when conducting monetary policy is not its 'limit' but a comparison between its benefits and costs, as is the case with any public policy," he said.
The balance between benefits and costs can change depending on the situation, he added.
"Monetary policy should be conducted in a flexible manner. There may be a situation where drastic measures are warranted even though they could entail costs, depending on the situation for economic activity, prices, and financial conditions," Kuroda said.