News: BOJ Governor Kuroda’s comments at news conference.
(Reuters) – The Bank of Japan on Friday widened the range in which long-term interest rates can move around their target. This is part of a series of measures to make their ultra-light policies more sustainable in a longer battle against fire inflation.
The following are excerpts from comments made by BOJ Governor Haruhiko Kuroda at his post-meeting press conference, held in Japanese and translated by Reuters:
“When confined to a specific area, long-term interest rates can fluctuate without reducing the impact of monetary easing and help improve market functions. We found that out in our review. “
“Japan’s economy remains in dire condition due to the effects of the pandemic but is growing as a trend … It is expected to improve as a trend as the effects of the pandemic wear off.”
Reporting by Leika Kihara; Adaptation by Devika Syamnath
Original Source © Reuters