Bank of Japan Pledges to Steadily Buy More Assets
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The Bank of Japan said it will “steadily” provide liquidity to support demand and Governor Masaaki Shirakawa warned about the risks a climb in bond yields posed to the nation’s expansion.
“Volatile long-term rates can affect the economy, prices and financial conditions by influencing borrowing costs for households and companies,” Shirakawa told reporters in Tokyo today after the central bank left its credit programs unchanged and kept the key interest rate between zero and 0.1 percent.