BOJ’s JGB holdings still have strong easing effects, deputy governor Uchida says

TOKYO (Reuters) – The Bank of Japan’s holdings of Japanese government bonds continue to exert a strong monetary easing effect, Deputy Governor Shinichi Uchida said on Friday.

Uchida, speaking in parliament, also said Japan’s underlying inflation rate is gradually rising towards the central bank’s 2% target as the economy sustains a moderate recovery path.

(Reporting by Kantaro Komiya; Editing by Chang-Ran Kim)