Investing.com - The BoJ will stick to easing despìte the latest Fed tightening, governor Haruhiko Kuroda said.
Kuroda said a pick-up in inflation toward 1% would not immediately trigger the removal of easing.
The governor was speaking after the BoJ stood pat on monetary policy.
Kuroda shrugged off market speculation the BoJ could raise its target for the 10-year bond yield later this year.
The target currently stands as near zero.
Kuroda noted that inflation remains far from the BoJ's target of 2%, while risks to growth remain on the downside.
"Some market participants believe core consumer inflation will approach 1% in the latter half of this year," Kuroda said.
"But we won't automatically raise our yield target just because this happens," he added.
Ahead of the G20 meeting in Germany this weekend, Kuroda warned of the dangers of protectionism.
"Protectionism damages global trade and global economic growth," Kuroda said.