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BOJ's Kuroda: Japanese policy having intended effects

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Bank of Japan (BOJ) Governor Kuroda is appearing in parliament today, noting that Japanese policy having intended effects.

    Key headlines

    QQE with negative interest rates exerting intended effects on economy

    Unavoidable for monetary easing steps to affect banks' earnings

    Declines in bank stocks, expansion of credit spread due to investors' risk aversion, happening in other countries too

    Technically possible to push interest rates further into negative territory

    Can't say now by how much BOJ can push rates deeper into negative territory as depends on impact on banks' earnings, cost of holding cash

    Now is time to scrutinise policy effect of latest decision to adopt 0.1 pct negative rate
    For more information, read our latest forex news.

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