Japan Rules Out Negative Interest Rates Ahead Of Rate Review, Yen Strengthens
Bank of Japan Governor Haruhiko Kuroda said Thursday that he is not thinking of adopting a negative interest rate policy now, indicating that the BOJ may look to expand its ongoing, massive asset-buying program.
Speaking at the Japanese parliament, Kuroda also said that the economy was recovering and the price trend was improving, while reiterating that he wouldn’t hesitate to act if needed.