BOJ Governor Kuroda’s comments at news conference

BOJ Governor Kuroda’s comments at news conference

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:

LONG-TERM INTEREST

“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. “

ECONOMIC OUTLOOK

“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

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