November 27, 2019 / 5:44 AM / 17 days ago

BOJ Sakurai: Must take into account Japan's flattening yield curve

KOBE, Japan, Nov 27 (Reuters) - Bank of Japan board member Makoto Sakurai said on Wednesday the central bank must take into account the fact its ultra-loose monetary policy has led to a flattening of the yield curve.

“It’s true the yield curve has flattened quite a bit. We need to take this into account in guiding policy,” Sakurai told a news conference after meeting with business leaders in Kobe, western Japan.

Sakurai made the comments, when asked about a proposal by the International Monetary Fund that the BOJ should consider targeting a shorter maturity for its long-term bond yield target. (Reporting by Leika Kihara; Editing by Chris Gallagher)

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