Bank of Japan Gov. Haruhiko Kuroda gave another strong indication that the central bank will continue capping long-term bond yields after holding his first meeting with Prime Minister Fumio Kishida since the yen touched its lowest level since 2015.
"Each market operation doesn’t directly affect foreign exchange rates,” Kuroda told reporters Wednesday in Tokyo, signaling little concern that the central bank’s buying of bonds could be weakening the yen.
He added that Kishida had made no particular request at their first meeting since November. "Rather, I explained the economic situations at home and abroad,” the BOJ chief said.