BOJ's Kuroda: Expanding monetary base alone not enough
TOKYO, March 26
TOKYO, March 26 (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank will seek to expand its balance sheet by buying medium- to long-term assets to push down yields across the curve.
"Expanding monetary base is necessary but that is not enough," Kuroda told parliament, stressing that it was equally important to buy assets that would be most effective in pushing down yields across the curve and reducing risk premium.
- Police seek motive in fatal Washington state school shooting
- U.S. nurse quarantined over Ebola criticizes her treatment |
- Two deputies killed, two others hurt in California shooting spree
- Wall St. finally turning on Amazon as Bezos magic fades
- U.S., allies stage 22 air strikes in Iraq: U.S. Central Command