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No truth G-20 criticised negative rate policy: BOJ's Kuroda

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Bank of Japan Governor Haruhiko Kuroda said on Monday there was no truth to media reports that Japan came under fire from some G-20 nations for triggering a competitive currency devaluation by adopting a negative interest rate policy.

[TOKYO] Bank of Japan Governor Haruhiko Kuroda said on Monday there was no truth to media reports that Japan came under fire from some G-20 nations for triggering a competitive currency devaluation by adopting a negative interest rate policy.

"I explained at the G-20 meeting (in Shanghai) that the negative rate policy was aimed at achieving the BOJ's price target ... I believe we gained sufficient understanding from the G-20 members," Mr Kuroda said in a seminar.

REUTERS

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