Bank of Japan governor Haruhiko Kuroda stated on Monday that the Japanese central bank will "maintain an ultra-loose policy" in order to stably reach the predetermined 2% inflation rate target.
Kuroda also noted that the Bank of Japan is ready to ease monetary policy "without hesitation" if need be.
On Thursday last week, BOJ executive director Shinichi Uchida underlined that Japan's low interest rates are a reflection of the country's low economic growth and subdued inflation, also admitting that the central bank's loose monetary policy was partly responsible for longer-term yields.
