The policy board of the Bank of Japan discussed the extension of fund-supplying operations from the current one year, but assessed that there is no immediate need at this stage, Governor Haruhiko Kuroda told a news conference on Tuesday.
Kuroda said central bank's flexible bond purchases and its application of one-year fund supplying operations helped to curb volatility in the Japanese government bond market. He expects markets to stabilize in the long term.
BoJ earlier in the day, refrained from announcing any new steps to contain bond market volatility. Policymakers decided to continue to target an expansion of monetary base at an annual pace of JPY 60-70 trillion, as announced in April.
The central bank today upgraded its view of the economy. The economy has started to pick up, it said.
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