BOJ’s Kuroda says targeting shorter yield under YCC among future options

TOKYO – The Bank of Japan could consider targeting a shorter maturity than the current 10-year bond yield as an option when the time comes to exit its ultra-easy policy, the central bank’s governor, Haruhiko Kuroda, said on Friday.

At this stage, however, it was premature to raise the BOJ’s interest rate targets or take steps to steepen the yield curve, Kuroda told parliament.

Under a policy dubbed yield curve control (YCC), the BOJ guides short-term rates at -0.1% and the 10-year bond yield around 0%.

(Reporting by Leika Kihara; Editing by Chang-Ran Kim)