You are here

BOJ chief defies reactions towards negative interest rate

He declares that he will impose other monetary easing tools to trigger more aggressive lending by Japanese banks

The BOJ headed by Mr Kuroda (above) will impose a 0.1 per cent negative interest rate on some of the 250 trillion yen (S$3 trillion) in 'excess reserves' that commercial banks hold in the BOJ.


FAR from being defensive about last week's shock decision by the Bank of Japan (BOJ) to impose negative interest rates on some bank deposits with the central bank, governor Haruhiko Kuroda on Wednesday promised more of such measures where necessary, and said there was "no limit" to