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MNI BRIEF: BOJ Kuroda: JGB Confidence Vital For MonPol Impact

TOKYO (MNI)

Japan's government must ensure confidence in government bonds in order to maintain the effects of monetary policy, the head of the central bank said Tuesday, adding that the policy continues "to keep medium- to long-term interest rates at low levels." Bank of Japan Governor Haruhiko Kuroda also said that he sees no need to review the current monetary policy framework, although hitting the 2% price isn't in sight.

Kuroda confirmed that the BOJ will take additional easy policy "without hesitation" if the virus speard made it necessary. Executive director in charge of monetary policy Shinichi Uchida, speaking at the same event, said there were no plans to introduce a central bank digital currency now but the BOJ is prepared to cope with various chance of financial environment. The BOJ plans to conduct practical experiment of CBDC in FY2021.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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