BoJ’s Kuroda: No need to further expand bond target band

Bank of Japan (BOJ) Governor Haruhiko Kuroda is speaking at the post-policy meeting conference on Wednesday, saying that there is “no need to further expand bond target band.”

Additional quotes

Will carry out flexible adjustments in market operations by making use of fund-supplying operations against pooled collateral.

Expects market functions to improve ahead.

Still early days since adjustment to yield band made in December, need more time to assess impact on market functions.

Labour crunch expected to push up wages from now on.