November 20, 2018

BOJ's Kuroda rules out early end of negative rate policy

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Tuesday ruled out the chance of abandoning negative interest rates in the near-term, saying they are necessary to accelerate inflation to his 2 percent inflation target.

Kuroda also said there was no need to ramp up stimulus, arguing that the current ultra-loose program was enough to accelerate inflation to the BOJ’s target. Read more.

Reuters

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