In the post-meeting press conference, the Bank of Japan (BoJ) Governor Haruhiko Kuroda said that it will appropriate to continue aggressive JGB purchases for now.
If the government issues more super-long bonds, we may buy more. The BoJ may buy more bonds to keep yields low but the excessive lowering of super-long yields could hamper the economy, Kuroda added further.
The Japanese yen had a rather muted reaction to Kuroda’s comments. The USD/JPY pair was last seen trading in the neutral territory, around the 107.40-35 region.