BOJ’s Ishida Says Bank Will Decide Policy Without Preconceptions

The Bank of Japan has “absolutely no preconceptions” about what action it will take at its next policy meeting, board member Koji Ishida said amid speculation that the central bank will add stimulus in July.

Even if the bank reduced the inflation forecast, this may not be enough to prompt extra easing if price gains had momentum, Ishida said in response to a question about monetary easing at a news conference today in Kagoshima, southern Japan. At the meeting in July the bank will review the inflation forecast of 0.7 percent for fiscal 2013.

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