A Bank of Japan policymaker said Tuesday the central bank will not conduct monetary policy "rigidly" to achieve its 2 percent inflation target "at any cost" as the goal should be accompanied with a sustained economic recovery. On the Japanese bond market which has become turbulent recently, BOJ Policy Board member Ryuzo Miyao said in his speech that the BOJ's purchases of government bonds will continue to put downward pressure on interest rates and added that it has been examining developments in the bond market.

Bank of Japan Governor Haruhiko Kuroda expressed a view Sunday that current movements in asset markets do not reflect "excessively bullish expectations" after the central bank introduced aggressive monetary easing measures in April to fight deflation. "There is no sign at this point of excessively bullish expectations in asset markets or in the activities of financial institutions" as shown by indicators and financial institutions' behavior, Kuroda said in a speech in Tokyo.

Bank of Japan Governor Haruhiko Kuroda on Friday voiced confidence that the central bank's aggressive monetary easing steps are working to achieve an exit from more than decade-long deflation, while vowing to avoid volatility in long-term interest rates.

The South African Reserve Bank held interest rates unchanged Thursday in the face of high inflation, while warning of major risks to already mediocre growth. Reserve Bank governor Gill Marcus said the main interest rate would stay at five percent, despite the bank cutting its growth forecasts for the year. "There are a number of critical domestic issues that are contributing the vulnerability of the economy that need to be urgently addressed," Marcus said.