BOJ's Kuroda: Expanding monetary base alone not enough

TOKYO, March 26 Mon Mar 25, 2013 9:09pm EDT

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.

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