- Bank of Japan Governor Haruhiko Kuroda: it is possible to cut interest rate to around -0.5%.
Market news
16 March 2016
Bank of Japan Governor Haruhiko Kuroda: it is possible to cut interest rate to around -0.5%.
Bank of Japan (BoJ) Governor Haruhiko Kuroda said on Wednesday that it was possible to cut interest rate to around -0.5%.
Kuroda also said that negative interest rates led to lower currency but it was not the central bank's target.
He pointed out that the BoJ was ready to add further stimulus measures if needed to boost inflation toward 2% target.
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