Kuroda says Japan's economy is yet to fully recover from the impact of the pandemic
Says the BOJ would increase its purchases of JGBs, or conduct fixed-rate operations if 10-year yield swung beyond the target range.
Finance minister Suzuki spoke a few minutes prior too.
- Dismissed the idea of turning government bonds (JGBs) held by the central bank into perpetual bonds. Such an action would be tantamount to debt financing and it could trigger a spike in government bond yields he said.
Also:
- the BOJ has jurisdiction over how it exits easy policy
- specific monetary policy up to the BOJ to decide
