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Japanese economy: BOJ won't try to limit long-term yields

Reporter: Chen Lubing 丨 CCTV.com

10-27-2016 17:27 BJT

Bank of Japan Governor Haruhiko Kuroda says the central bank won't try to limit long-term government bond yields because it's focused on controlling the yield curve for up to 10 years.

Kuroda said Thursday that he sees no need to change the minus one tenth percent short-term interest rate target or the 10-year government bond yield target of around zero percent.

Analysts say Kuroda's remarks to Japan's parliament suggest that the BOJ will hold off on easing policy at next week's rate review. Kuroda also rejected the idea of buying foreign-currency denominated bonds.

The governor said that's because that would amount to currency intervention.

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