Bank of Japan Governor Kuroda is still speaking, making it clear now he does not think its necessary to expand the target band on long term JGBs

  • now is the time to keep the yield curve stably low as the coronavirus is still impacting the economy
  • rises in US yields reflect the hopes of economic recovery, don't think it will cause big problems ahead
  • after discussions with G20 believes the global consensus is to avoid premature withdrawal of fiscal support