The Bank of Japan’s decision last week to tweak its bond yield control policy was aimed at making its massive stimulus more sustainable, not a prelude to an exit from ultra-low interest rates, its deputy governor Shinichi Uchida said on Wednesday.
Uchida said there was still a long way to go before conditions fall in place for the BOJ to raise its short-term interest rate target from the current -0.1%.
Read More : Bank of Japan Deputy Governor Dismisses Possibility of Early Exit from Ultra-Easy Policy