- Bank of Japan Governor Haruhiko Kuroda: there is no need in exemption from negative interest rates
Market news
26 April 2016
Bank of Japan Governor Haruhiko Kuroda: there is no need in exemption from negative interest rates
The Bank of Japan (BoJ) Governor Haruhiko Kuroda said before the parliament on Tuesday that there was no need in exemption from negative interest rates.
"Negative interest rates apply to only a small portion of financial institutions' excess reserves, so most of them receive a net interest rate payment from the central bank," he said.
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