Japan Coalition Leader Says BOJ’s Negative Rates Stir Confusion
- Komeito’s Yamaguchi says negative rates hurt savers, banks
- Yamaguchi says he wants BOJ to employ a range of policies
Natsuo Yamaguchi.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
The Bank of Japan’s negative interest rate policy has stirred confusion among financial institutions and the public, the party leader of Prime Minister Shinzo Abe’s junior coalition partner said in an interview in Tokyo.
The Komeito party’s Natsuo Yamaguchi said the central bank’s surprise introduction of negative rates in January had achieved an initial impact, but he wanted the BOJ to take advantage of a broader range of policy options.