BOJ Not Planning to Raise Rates for Time Being, Gov. Kuroda Says

By Megumi Fujikawa

Bank of Japan Gov. Haruhiko Kuroda said Thursday that the central bank has no plan to raise interest rates, confirming its easy stance amid a global trend of monetary tightening.

"We will take additional easing measures without hesitation, if necessary," Mr. Kuroda said at a news conference.

While Mr. Kuroda said the yen's fall is "one-sided and affected by speculative trading," he also reiterated that the BOJ will maintain monetary easing to support Japan's economic recovery from the pandemic.

Mr. Kuroda said interest rates are expected to remain at current or lower levels for the time being. The Japanese central bank intends to stick to the guidance for two to three years, he added.

Write to Megumi Fujikawa at [e-mail]

(END) Dow Jones Newswires

09-22-22 0400ET