Kuroda Says BOJ Not Currently Considering Lowering Rates Further
- Comments come less than two weeks before next BOJ meeting
- Deputy chief yesterday said markets need time to digest move
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Bank of Japan Governor Haruhiko Kuroda said Friday that he’s not considering lowering the central bank’s benchmark interest rates deeper into negative territory at this time.
Kuroda, speaking to lawmakers in Tokyo, also said he would use the “three dimensions” of qualitative and quantitative easing and negative rates as necessary to ensure that the BOJ’s 2 percent inflation target is met soon. He reiterated that the BOJ is always monitoring risks, and won’t hesitate to take action as needed. He also said Japan’s banks have ample capital and extremely good profits.