© Reuters. FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda speaks at a news conference after a Monetary Policy Meeting in Tokyo, Japan in this photo provided by Kyodo on September 22, 2022. Mandatory credit Kyodo/via REUTERS
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Wednesday making the bank’s yield curve control policy more flexible could be an option in the future, but not now.
“If achievement of our 2% inflation target comes into sight, making yield curve control more flexible could become an option,” Kuroda told parliament.
But he added that for the time being, the central bank must maintain ultra-low interest rates and keep downward pressure on the entire yield curve to support the economy.