New BOJ chief backs current easing framework, aware of side effects

The Bank of Japan's monetary easing framework designed to keep borrowing costs extremely low is "appropriate" while its side effects should be kept in check, its new chief Kazuo Ueda said Monday in his first press conference.Ueda, who took the job a day earlier, suggested that a "broader" review of the BOJ's monetary policy over the past decade and beyond may come, at a time when its dovish stance draws a stark contrast with its global peers.The BOJ governor said he will strive to complete the central bank's long-sought goal of attaining its 2 percent inflation target, despite it being chal…READ FULL ARTICLE