Today the head of the Bank of Japan said that the decline in interest rates rates is necessary for further easing of monetary policy. It is worth noting that many traders around the world were waiting for Kuroda for clarity on this issue. "Moreover, if the inflation target is reached then the interest rates will rise. Long-term rates will not stay at 0% after the achievement of the inflation target of 2% "- said Kuroda.

Since no significant improvement towards achieving the 2% target has yet seen, market participants have concluded that negative interest rates will continue to worsen.