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Negative deposit rates not necessary, says Kuroda

He says borrowing costs are already very low due to the central bank's aggressive asset purchases

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Mr Kuroda warns against excessive financial regulation such as hampering banks' profit-making activity, as global policymakers push through drastic regulatory reforms.

Tokyo

BANK of Japan governor Haruhiko Kuroda said on Monday that he saw no need to implement negative deposit rates in Japan as borrowing costs were already very low due to the central bank's aggressive asset purchases.

Such a step was unnecessary in Japan as the BOJ's massive

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