Bank of Japan Governor Ueda:
- Our basic stance is that market forces determine long-term interest rate levels.
- We expect long-term interest rates to fluctuate to some extent depending on the market's view on the economic outlook.
- If markets make abnormal moves, we stand ready to respond nimbly, such as through market operations to smooth market moves.
- Won't comment on where long-term interest rates could eventually converge.
- Can't say specifically when exactly BOJ could conduct emergency market operations to soothe yield moves.
Bank of Japan Governor Ueda
