Kuroda Emulates Draghi on Negative Rates as Yield Drop Curbs Yen

  • Japan bond yields close gaps with Germany's after BOJ surprise
  • Central banks seen competing on negative interest rates: SMBC

Weighing the Impact of Kuroda’s Negative Rate Move

Bank of Japan Governor Haruhiko Kuroda is matching European Central Bank President Mario Draghi in pursuing negative interest rates, and even pulling ahead when it comes to driving longer-term bond yields lower.

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