5/24/2013

Responding to concerns about rising volatility in the market for Japanese bonds, Bank of Japan Governor Haruhiko Kuroda said the central bank will use open-market operations and improved communications to stabilize the market. "As far as the markets for long-term government securities are concerned, in which the Bank of Japan is directly involved through its market operations, it is extremely desirable for them to move stably," he said. "We are going to conduct our market operations in a flexible manner to head off, as much as possible, volatility in long-term interest rates, which were rising temporarily recently."

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