Bank of Japan Governor Haruhiko Kuroda shared the central bank won’t reduce the benchmark interest rates further into negative territory as of the moment.
Talking to legislators in Tokyo, Kuroda added he would employ the three facets of qualitative and quantitative easing and negative rates to reach their inflation target of 2%.
The BOJ head emphasized the central bank is trailing perils and won’t hesitate to implement measures as necessary.
Meanwhile, BOJ Deputy Governor Hiroshi Nakaso implied the central bank is prepared to slash rates deeper but not right away.
The material has been provided by InstaForex Company – www.instaforex.com