Economics
Kuroda Deepens BOJ’s Outlier Status, Keeping Pressure on Yen
- Governor says no plan to raise ceiling on 10-year yield range
- Says tightening now inappropriate, might cause a contraction
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Bank of Japan Governor Haruhiko Kuroda held firm with rock-bottom interest rates, defying an intensifying global wave of central bank tightening and concentrated market pressure on the yen and government bonds.
The central bank kept its policy settings for yield curve control and asset purchases, according to a statement Friday, in line with the forecasts of almost all surveyed economists.