Incoming BOJ Gov. Toshihiko Fukui vowed Tuesday to combat the nation's persistent deflation, saying he wants to clear new paths for central bank funds to reach businesses.
He stopped short, however, of expressing support for adopting an inflation target, a tool some Liberal Democratic Party politicians have been clamoring for. Fukui's comments came during an appearance before the House of Representatives Committee on Financial Affairs.
Kazumasa Iwata and Toshiro Muto, who will be Fukui's two deputy governors, also attended the session.