BOJ’s Wakatabe: No plan to modify central bank’s monetary policy

There is “no plan to modify the Bank of Japan’s (BOJ) monetary policy,” the central bank’s Masazumi Wakatabe said in a statement on Thursday.

Key quotes

“Don't see any problem with recent moves in 10-year JGB yields as they are moving within the 50-bps range set around BOJ’s 0% target.”

“BOJ ready to ease policy further if downside risks heighten, but now is not the time to debate doing so.”

“BOJ could cut rates if downside risks to economy heighten. “

“Expected decline in monetary base will likely prove temporary.”