11 Jun 2013
Kuroda: BoJ to take steps to curb JGB volatility if needed
FXstreet.com (Barcelona) - Following the BoJ's June monetary policy meeting on Tuesday, during which the central bank decided to maintain its objective of increasing the monetary base by JPY60-70 trillion annually and kept other policy on hold, governor Kuroda suggested that the Japanese economy was improving, although uncertainty remained high.
The BoJ head also commented on the excessive JGB volatility, saying that it was undesirable and that the central bank would carry on its efforts to curb it. "We would consider extending fixed-rate operations in the future if such a move became necessary,” he declared.
Furthermore, Kuroda said that the board considered reducing policy measures, but decided that it was too early to be able to assess their full impact.
The BoJ head also commented on the excessive JGB volatility, saying that it was undesirable and that the central bank would carry on its efforts to curb it. "We would consider extending fixed-rate operations in the future if such a move became necessary,” he declared.
Furthermore, Kuroda said that the board considered reducing policy measures, but decided that it was too early to be able to assess their full impact.