2016-09-05reuters.com

Bank of Japan Governor Haruhiko Kuroda signaled his readiness to ease monetary policy further using existing or new tools, shrugging off growing market concerns that the bank is reaching its limits after an already massive stimulus program.

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For the first time, Kuroda publicly acknowledged that negative rates could dampen public sentiment by hurting banks' profits and the rate of returns on pension investments.

But he said monetary policy has yet to reach its limit, stressing that the BOJ had room to deepen negative rates.

In related news, see Japan's Long Bonds Add to Worst Rout in Three Years as BOJ Looms.



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