The Bank of Japan took steps Tuesday to make its massive monetary stimulus more flexible by allowing long-term interest rates to rise slightly higher, assessing that inflation will take longer than thought to reach its 2 percent target.Governor Haruhiko Kuroda told a press conference after a two-day policy meeting that the central bank remains committed to keeping policy highly accommodative, stressing the move is not a step toward normalization.The BOJ's Policy Board decided to maintain its target level for the yield on the benchmark 10-year government bond at around zero percent, while ad…READ FULL ARTICLE
