Investing.com - Bank of Japan Governor Haruhiko Kuroda said Wednesday aggressive easing will continue as financial markets and asset prices are not overheated.
"There is no asset bubble in Japan at this point," he told the Lower House pf Parliament's Financial Affairs Committee.
The governor declined comment on daily fluctuations in the currency market but repeated foreign exchange rates "must reflect economic fundamentals."
"A rate hike by the U.S. Federal Reserve Board may not necessarily cause the dollar to appreciate and the yen to depreciate," he said.
Earlier, BoJ board member Takehiro Sato said to business leaders in central Japan that there was no need to change the pace of government bond buying now around ¥80 trillion annually.