MNI BRIEF: Stock Effect To Lower L/T JGB Yields - BOJ's Ueda

Bank of Japan Governor Kazuo Ueda said on Tuesday that the stock effect stemming from the BOJ’s significant government bond holdings would contribute to lower long-term interest rates for the time being as the pace of reducing its balance is moderate.

Ueda also told lawmakers that the BOJ has no plan to immediately sell its exchange-traded fund holdings, and that the more time is needed to consider how best to dispose of the assets.

The BOJ will take the impact of markets into consideration and the bank will avoid incurring losses, he continued.