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BOJ's Kuroda: No plan now to raise yield targets

Reuters

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Wednesday he has no plan now to raise the central bank's bond yield targets as inflation was still distant from its 2 percent target.

"Inflation remains distant from our 2 percent target, so it's appropriate to continue with our powerful monetary easing to achieve the target at the earliest date possible," Kuroda told parliament.

Kuroda also reiterated that the BOJ was abiding by a G7 and G20 agreement to use monetary policy solely for the domestic purpose of achieving price stability.

(Reporting by Leika Kihara; Editing by Shri Navaratnam)

 

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