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No plan to cut rates further now: BOJ's Kuroda

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Bank of Japan Governor Haruhiko Kuroda said on Friday he is not thinking about pushing interest rates further into negative territory now.

[TOKYO] Bank of Japan Governor Haruhiko Kuroda said on Friday he is not thinking about pushing interest rates further into negative territory now. "The economy is a living thing, so we'll always scrutinise risks and won't hesitate to adjust policy if necessary to achieve our price target," Mr Kuroda told parliament.

The BOJ stunned markets by adopting a negative interest rate policy in January to reflate the economy out of stagnation and achieve its ambitious 2 per cent inflation target.

REUTERS

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