JPMorgan's Kanno Interview on BOJ, Yen

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Oct. 6 (Bloomberg) -- Masaaki Kanno, a former BOJ official and now chief Japan economist at JPMorgan Chase & Co. in Tokyo, talks about Japan's economy and central bank monetary policy. The Bank of Japan yesterday cut its benchmark overnight interest rate for the first time since 2008 and pledged to hold it at "virtually zero" until officials foresee a sustained end to deflation. The BOJ also adopted a 5 trillion yen ($60 billion) program aimed at lowering long-term borrowing costs and the premiums on corporate debt. Kanno also discusses the yen and Federal Reserve monetary policy. He speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)


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