Economics

Kuroda Pushes Through Changes to Stay the Course for Longer Haul

BOJ to allow more flexibility on yields, shift ETF purchases
Central bank will cut reserves subject to negative rate

Kazuo Momma, former head of the BOJ’s research and statistics department, discusses the central bank’s policy.(Source: Bloomberg)

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By Yuko Takeo, Masahiro Hidaka, and Enda Curran

July 31, 2018 at 4:26 AM UTC

Updated on

July 31, 2018 at 11:52 AM UTC

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Bank of Japan Governor Haruhiko Kuroda revamped his massive monetary stimulus program for the long haul while taking steps to reduce its side effects.

Read this story in Japanese: 日銀、長期金利目標は上下にある程度変動－ＥＴＦ買い入れも見直し