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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