By Megumi Fujikawa
TOKYO--Bank of Japan Gov. Haruhiko Kuroda said Wednesday that he wasn't considering raising the 0.5% cap for the 10-year Japanese government bond yield for now.
Mr. Kuroda said it would take some time for the market to adjust to the new guidance that was set at the bank's Dec. 20 meeting. But he said he expected market functioning to start improving soon.
"In that sense, yield curve control is sufficiently sustainable," he added.
Write to Megumi Fujikawa at megumi.fujikawa@wsj.com
(END) Dow Jones Newswires
01-18-23 0306ET
