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19 Jun 2013
BoJ's Kuroda sees financial markets stabilizing over time
FXstreet.com (Barcelona) - Bank of Japan Governor Haruhiko Kuroda said on Wednesday during a semi-annual parliamentary hearing in Tokyo that the central bank would maintain its current monetary policy until a sharp change occurs in the economy.
Kuroda assured that the BoJ would do all that is possible to avoid bond market volatility and considerable increases in long-term interest rates, for example by carrying out flexible market operations.
"We're not saying that because we took action on April 4, we will never act again for two years,” Kuroda declared. “If economic and financial conditions change sharply and we judge that our April 4 action wasn't enough or was excessive, we'll make necessary policy adjustments."
Even though the situation of the economy remains uncertain, the BoJ governor sees it starting to recover gradually in the nearest future while financial markets return to stabilization.
Kuroda assured that the BoJ would do all that is possible to avoid bond market volatility and considerable increases in long-term interest rates, for example by carrying out flexible market operations.
"We're not saying that because we took action on April 4, we will never act again for two years,” Kuroda declared. “If economic and financial conditions change sharply and we judge that our April 4 action wasn't enough or was excessive, we'll make necessary policy adjustments."
Even though the situation of the economy remains uncertain, the BoJ governor sees it starting to recover gradually in the nearest future while financial markets return to stabilization.