You are here

BOJ not engaging in currency war with negative rates: Kuroda

bankofjapan040216.jpg
Bank of Japan Governor Haruhiko Kuroda said on Thursday the central bank was not engaging in a currency war by adopting negative interest rates, saying that the move isn't intended to weaken the yen.

[TOKYO] Bank of Japan Governor Haruhiko Kuroda said on Thursday the central bank was not engaging in a currency war by adopting negative interest rates, saying that the move isn't intended to weaken the yen.

"As with the Federal Reserve, the European Central Bank or any other major central bank, the BOJ doesn't target exchange rates in guiding monetary policy," Mr Kuroda told parliament. "By pushing down interest rates and the yield curve, we hope to push down real interest rates so that we can stimulate consumption and investment," he said.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom