According to 1xbet the financial times, Japan’s Central Bank President Haruhiko Kuroda said, Japan’s Central Bank did not rule out a further reduction this year, introduced in February, a negative interest rate, even though this controversial policy did not fuel inflation or economic growth.
Kuroda noted that Japan’s central bank interest rate policy has not reached its limit. Pursued by the European Central Bank held interest rates than that of Japan. Technically speaking, it is clear that interest rates have further room for downward adjustment.
On January 29 this year, Japan’s Central Bank unexpectedly announced to introduce negative interest rates on excess reserves of banks, this initiative has been implemented since February this year. Japan Central Bank wants to implement negative interest rates may encourage banks to increase lending to stimulate consumer spending and inflation. However, these positive effects are not obvious.
Mr Kuroda said, once for a comprehensive evaluation of its monetary policy after the results, Japan’s Central Bank will also consider whether to 80 trillion yen a year of bond-buying plans to make any changes.
Asset purchase is Japan’s Central Bank in 2013, “quantitative and qualitative easing” (QQE) an important part of the plan, designed to achieve its inflation target of 2%. Although Japan’s Central Bank implemented a massive easing Japan inflation is still far closer to its inflation target, Japan economy remains in the doldrums.
1xbet interview from Haruhiko Kuroda also noted that Japan’s Central Bank scheduled for September monetary policy meeting, released the same day on Japan’s Central Bank monetary policy assessment.