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BOJ not in hurry to go deeper into negative rates

Kuroda also seen adopting a more relaxed attitude towards achieving the central bank's 2% inflation target
Tuesday, March 8, 2016 - 05:50

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"The (negative rate) policy works in the direction of raising stock prices and lowering the value of the yen. At the moment, these effects are being outweighed by the excessive risk aversion among investors around the globe." - M Kuroda

Tokyo

BANK of Japan governor Haruhiko Kuroda appeared to suggest in a speech on Monday that the central bank will not be in a hurry to push interest rates down further into negative territory, dampening speculation that the BOJ could move again in this direction as early as next week.

sentifi.com

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