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Kuroda Says Can Lower Short, Long-Term Rates If Necessary

  • No plans to slow its bond purchases in the near term
  • Says economic growth will likely accelerate next year
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BOJ's Kuroda on Policy to Control Yield Curve

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Japan’s central bank still has room to increase monetary stimulus and doesn’t intend to reduce its bond-buying program soon, Governor Haruhiko Kuroda said in an interview.

“For the time being, we keep the long-term interest rate around zero. If necessary, we could reduce the target rate of the 10-year Japanese government bond even lower than zero percent,” Kuroda said on Saturday, speaking with Bloomberg Television’s Francine Lacqua. “If necessary, we can reduce both the short end and long end of interest rates.”