Bank of Japan coverage board member Junko Nakagawa stated Thursday that the financial institution wanted to take care of financial easing whereas paying cautious consideration to market functioning.
Nakagawa stated the financial institution’s July resolution to boost its cap on the yield on 10-year Japanese authorities bonds has improved its yield curve management coverage.
“I believe the sustainability of monetary easing has increased because the decision has made it possible for the bank to flexibly respond to both upside and downside risks in the future,” she stated.
Source web site: www.marketwatch.com