Mubasher: The Bank of Japan’s (BoJ) governor Haruhiko Kuroda hinted the central bank’s readiness to relax further its monetary policy, while he pledged to guide policy “without any preset conditions in mind,” according to Reuters.

At its week’s meeting last week, the BoJ held its interest rate, but hinted the possibility of rolling out stimulus as early as its October meeting.

The BoJ said last week it would take a closer look during its two-day meeting on 30 and 31 October, citing “downside risks” on the rise.

The same was conveyed by Kuroda in his speech at an annual meeting for the securities association, where he warned against mounting risks from the global economy, while hinting what the BoJ’s next move will be exactly.

“Risks are skewed to the downside, mainly from overseas economies,” Kuroda was quoted by Reuters.

He highlighted the ongoing trade conflict between the US and China, the persisting Brexit uncertainty, tensions in the Middle East, emerging market developments, and the impact of Beijing’s stimulus measures, among other factors.

“With such situation in mind, we will re-examine economic and price developments at the next policy-setting meeting,” Kuroda said.

The central bank governor asserted the significance for holding patiently on to its monetary easing to keep the inflation on track to hit the targeted rate of 2%.

However, Kuroda remained positive on Japanese economic growth, reconfirming that the world’s third biggest economy would remain on an expansionary track, led by domestic demand.