News Headline Summary

BoJ board member Shirai says desirable for Japan's long-term interest rates to rise gradually

Says:
- Still room stock risk premium to fall further.
- Improvements in Japan corporate earnings likely to be reflected in stock prices over time.
- Expect JGB yields to gradually rise in 2 to 3 years.
- Expect Japan to approach 2% inflation toward end of fiscal 2015.
- Will not suddenly end BoJ's ultra easy policy in 2 years.
- JGB volatility reflects various views in markets on how yields will move as a result of BoJ's massive easing.
- Will review policy at appropriate timing, mull steps if needed judging from economy, price forecasts at the time.

13 Jun 2013 - 01:45 - - Source: Newswires

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