BOJ's Funo says must maintain low rates for a long period

Monetary Board member Funo speaking

• must maintain sufficiently low rates for prolonged period given prices, inflation expectations not heightening much
• BOJ's policies keeping short-, long-term rates stable at low levels, helping stimulate corporate, household activities
• BOJ fwd guidance leaves room for low rates to be maintained beyond spring 2020

Meanwhile, USD/JPY is still extending its losses from overnight. UST yields falling are the driver.