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Thursday, August 11, 2022

BOJ’s Kuroda says won’t raise bond yield targets now

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Friday he does not expect the central bank to raise its bond yield targets now, and will look at underlying trend inflation in guiding monetary policy.

“If inflation in Japan accelerates sharply, at some point the BOJ may debate adjusting its interest-rate targets,” Kuroda said at a Reuters Newsmaker event.

“When deciding on monetary policy, we must look at the underyling trend of inflation … We won’t change monetary policy just because oil price rises push up inflation,” he said.

(Reporting by Leika Kihara and Stanley White; Editing by Chris Gallagher)

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