BOJ chief defies reactions towards negative interest rate

Tokyo

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 these moves for the BOJ's monetary easing.

He said in a speech: "If we judge that existing measures in the tool kit are not enough to achieve (our) goal, what we have to do is to devise new tools."