FXStreet (Mumbai) – More comments from BOJ Kuroda are as under:
Adjusted policy today due to worries about delay in escape from deflation mindset
Expect negative rates to contribute to portfolio rebalancing, which is plus for economy
Negative interest rates may have short-term negative impact on financial institutions but don’t expect major impact
Japan’s QQE is exerting intended effects
BOJ’s monetary policy is not targeting currencies
Forex rates should reflect fundamentals, be stable
Asked staff to come up with easing options
(Market News Provided by FXstreet)