♦️Asahi Noguchi, a member of the Bank of Japan's board, stated that the bank does not need to make significant changes to its current bond purchase reduction plan, and should only increase purchases during times of "severe market disturbances," indicating that the bank does not see an urgent need to halt the recent sharp rise in very long-term bond yields.
♦️He added that the Bank of Japan should proceed with caution when raising interest rates to ensure that core inflation remains stable around its 2% target, supported by sustainable wage increases.
