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MNI BRIEF: BOJ's Kuroda Doesn’t Rule Out Wider 10-Year Range

(MNI) Tokyo
TOKYO (MNI)

Bank of Japan Governor Haruhiko Kuroda on Wednesday declined to rule out a possible wider the 10-year interest rate range - now around plus and minus 0.25% - although he reiterated there is no need to widen the range now.

Kuroda told lawmakers that the BOJ does not intend to raise interest rates under its yield curve control policy and is aimed at forming :an appropriate yield curve. He did not elaborate on what "appropriate" meant, but added the BOJ has no plan to sharply steepen the yield curve.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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