URGENT: Expanding yield trading band doesn't represent rate hike: BOJ chief

Politics Economy

Bank of Japan Governor Haruhiko Kuroda said Tuesday that the central bank's decision to widen the trading band for long-term Japanese government bond yields should not be taken as a rate hike. Speaking at a press conference after a two-day policy meeting, Kuroda said it is "too early" to discuss an exit from the current easing framework because attaining its 2 percent inflation target stably is still far off.

Kyodo News

Kyodo News Bank of Japan