August 1, 2019 / 5:48 AM / 4 months ago

BOJ could widen band in which it allows yields to move - depgov Amamiya

FILE PHOTO: Bank of Japan Deputy Governor Masayoshi Amamiya speaks during a Reuters Newsmaker event in Tokyo, Japan July 5, 2019. REUTERS/Issei Kato

KAGOSHIMA, Japan (Reuters) - Bank of Japan Deputy Governor Masayoshi Amamiya said on Thursday the central bank could widen the band in which it allows bond yields to fluctuate around its 0% target, if long-term interest rates make big swings.

“It’s true we could be more careful in assessing the merits and demerits of additional action than other central banks,” Amamiya told a news conference after meeting with business leaders in Kagoshima, southern Japan.

“But just because we’ve eased so much already does not mean any further steps would be limited or small.”

Reporting by Leika Kihara; Editing by Chris Gallagher

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