BOJ Kuroda says global yield rises alone won`t trigger rate hike

TOKYO Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank will not change its bond yield targets just because global long-term interest rates are rising.

“Our monetary policy is conducted solely for the purpose of pulling Japan’s economy out of deflation and achieving our 2 percent inflation at the earliest date possible,” Kuroda told parliament.

Under a new policy framework adopted in September, the BOJ now guides short-term interest rates at minus 0.1 percent and the 10-year government bond yield around zero percent.

(Reporting by Leika Kihara- Editing by Chris Gallagher)