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Possible for BOJ to lower rates to around minus 2.0% - BOJ’s Iwata

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Bank of Japan (BOJ) Ex-Deputy Governor Iwata was crossing the wires via Reuters last minutes, noting that the central bank has more scope to lower interest rates to around -2.0%.

    Key Quotes:

    Possible for BOJ to lower rates to around minus 2.0 pct

    Further rate cuts, extending JGB duration are both options if BOJ needs to ease again

    Difficult for BOJ to increase JGB purchase amount because would be buying JGBs at a loss

    Yields, deposit rates and mortgage rates have fallen very quickly, bound to have impact on economy
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