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In an interview with Bloomberg TV from the World
Economic Forum in Davos, Kuroda welcomed the ECB's decision to
launch a bond-buying programme, following the path of
"quantitative easing" pioneered by the BOJ in the early 2000s.
"I don't think it makes our job more difficult," Kuroda said.
He noted that the euro had not fallen much against the yen in
the wake of the ECB move. It had already weakened a great deal
over a long period.
Before the global financial crisis began in 2008, the euro was
worth more than 160 yen, he said. It was trading around 118 yen
on Friday.
"We welcome this action by the European Central Bank", because
it will eradicate deflation in the currency zone and boost
growth, Kuroda said.
"Both of these would be beneficial to the world economy,
including the Japanese economy."
Kuroda was also relaxed about the Federal Reserve, which he said
was likely to start raising interest rates "soon", as markets
expect, after it ended the U.S. experiment with quantitative
easing.
"That reflects very strong economic growth in the United
States", which was also good for the world economy and Japan, he
said.
(Writing by William Mallard; Editing by Nick Macfie)
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