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- Bank of Japan Governor Haruhiko Kuroda: the central bank needs time to analyse the effect of negative interest rates on the real economy
Bank of Japan Governor Haruhiko Kuroda: the central bank needs time to analyse the effect of negative interest rates on the real economy
Bank of Japan (BoJ) Governor Haruhiko Kuroda said at a press conference after the release of the BoJ' interest rate decision that the central bank needed time to analyse the effect of negative interest rates on the real economy, adding that negative interest rates would lead to lower borrowing costs.
He reiterated that the BoJ would further stimulus measures if needed to reach 2% inflation target.
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