- Analytics
- News and Tools
- Market News
- BOJ Governor Kuroda: BOJ may keep low rates well over year, dismisses debt monetisation
BOJ Governor Kuroda: BOJ may keep low rates well over year, dismisses debt monetisation
The Bank of Japan may maintain ultra-low rates for a further period of well over a year, governor Haruhiko Kuroda said, but warned against the idea of propping up the economy through unlimited money-printing to finance government spending.
The BOJ last month modified its forward guidance, or a pledge on how it will guide future monetary policy, to say it will maintain current very low interest rates at least until the spring of 2020.
"There's a good chance current low interest rates will be maintained beyond (the spring of 2020) depending on future developments," Kuroda said in a speech at a seminar.
"When we say we will keep rates low for an extended period of time, we mean it will be maintained for quite a long time," he said later in response to a question from the floor.
Kuroda said while Japan's economy continues to expand moderately, global growth was showing signs of weakness and hurting exports, output and manufacturers' business sentiment.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
