Effects of BOJ's monetary easing will show in time: Kuroda

Frankfurt

BANK of Japan (BOJ) governor Haruhiko Kuroda has defended the central bank's monetary policy, arguing that it has had overall positive effects on the Japanese economy and saying that the benefits of the negative interest rates would show through "within a few months".

In an interview with Emerging Markets, a Frankfurt newspaper, he said the reason that the Japanese economy has not yet shown the kind of improvement seen in the US and, to a lesser extent, the euro zone - despite aggressive monetary easing - is that Japan has had 15 years of deflation up till the time the current policies were launched.