Kuroda Says Bank of Japan Won’t Take on Debt-Servicing Role
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Governor Haruhiko Kuroda said the Bank of Japan won’t buy bonds just to keep down government debt-servicing costs after it achieves stable 2 percent inflation.
“If we reach our target and prices are stable, we have no intention of moving away from our goal and implementing policy to reduce debt servicing costs,” Kuroda said in parliament today in response to a question from opposition lawmaker and former Economy Minister Seiji Maehara, who said “the BOJ could be smacked around and told to do something” if yields rise.