The BOJ is closely watching how overseas developments affect Japan's economy and prices and will take appropriate policy action as needed, Bank of Japan Governor Haruhiko Kuroda said Tuesday. "Downside risks to the global economy are big on the back of the trade friction between the U.S. and China, and the (sluggish) Chinese economy," Kuroda told lawmakers. "We are closely watching how developments of overseas economies affect (our) economy and prices, including the momentum toward hitting the 2% price target, and will take appropriate policy," Kuroda said. However, the governor didn't elaborate on how or what kinds ... (full story)