Kuroda says BOJ to keep mulling ways to make YCC more sustainable

FILE PHOTO: Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan July 30, 2019. REUTERS/Kim Kyung-Hoon/File Photo September 24, 2019
OSAKA (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank would continue to examine ways to further enhance the sustainability of its yield curve control (YCC) policy.
“If the current low-interest rate environment is prolonged further, it will become necessary to pay closer attention to the cost of our policy” such as the impact on financial institutions’ profits, Kuroda said in a speech to business leaders in Osaka, western Japan.
“As such, the important challenge we continue to face would be to think about what’s necessary to further enhance the sustainability of our policy,” he said.

(Reporting by Leika Kihara; Editing by Chang-Ran Kim)


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