Bank of Japan Governor Haruhiko Kuroda said Wednesday that the central bank will conduct its bond purchase program in a flexible manner in order to address the recent volatility in the bond market.
Kuroda acknowledged that the JGB yields have increased recently, but he does not expect a jump in long-term interest rates any time soon. Kuroda was talking to reporters at a press conference in Tokyo after the central bank's policy announcement.
The BoJ kept its ultra-loose monetary policy intact after the Policy Board meeting today, suggesting that the bank is moving cautiously amid concerns over the recent turmoil in the JGB market.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.