BOJ’s Kuroda: Gradual yield rise will see BOJ shift to longer JGBs instead

The Bank of Japan (BOJ) Governor H. Kuroda is on the wires now, via Reuters, making some comments on the central bank's future monetary policy plans.

Main Points:

During future policy exit, central bank earnings will decline.

But yields should also rise, raising BOJ bond earnings.

BOJ has been increasing savings to prepare for JGB fall.

Gradual yield rise will see BOJ shift to longer JGBs instead.