You are here

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

Friday, March 4, 2016 - 10:32

japan11.jpg
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

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom