2/3/2017, 8:47 AM (Source: TeleTrader)
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Kuroda intervenes, vows to maintain 'powerful' easing

Speaking in parliament on Friday right after boosting bond purchase operations to drive down yields, Bank of Japan Governor Haruhiko Kuroda said rate-setters aren't in the business of fiscal financing. The head of the island country's top monetary authority stressed the "powerful" easing measures are set to be maintained.

He told lawmakers the central bank is half way to reaching target inflation of 2%. After leaving policy unchanged on January 31, BoJ today offered to buy five- to ten-year debt at a fixed rate of 0.11%, in a first such move since November 17, and managed to reverse the fall in bonds.

Baha Breaking News (BBN) / IT