No fixed timeframe for keeping rates low, says BOJ

Kyoto

BANK of Japan deputy governor Masayoshi Amamiya said the central bank had no fixed timeframe for how long it would keep interest rates low but signalled the chance of taking more steps to address the rising cost of easing on parts of the economy.

He also revealed that there were disagreements in the BOJ's nine-member board over how much the central bank should allow bond yields to rise, after a policy decision on Tuesday that gave long-term rates room to move higher.