Japan PM Says Careful Explanation Needed on Monetary Policy

Japanese Prime Minister Fumio Kishida said careful explanation and communication with markets would be part of consideration on monetary policy, when asked about possible future changes in the Bank of Japan’s ultra-loose policy.

His comments in a live interview with public broadcaster NHK came after central bank governor Haruhiko Kuroda last month shocked markets by saying he would allow Japan’s 10-year bond yields to rise to about 0.5%, double the previous upper limit of 0.25%.