The Bank of Japan (BoJ) Governor Kuroda, as he continues to speak at the post-meeting press conference, was further noted saying that there is no need to strictly think about bond target range rather will be appropriate to think flexibly on 10-year JGB yields range.
• BoJ has had a deep discussion on the global economy.
• Sees no change in view of the global economy picking up in 2H 2019.
• But BoJ is concerned about protectionism still.
• It is possible to keep current low rates beyond the spring of 2020.