Kuroda Says Market Would've Been Worse Without Negative Rate

  • New policy tool has not backfired, says central bank governor
  • There is still room to cut the rate further if needed, he says

BOJ's Kuroda on Negative Interest Rates

The nation’s financial markets would have been in worse shape if the Bank of Japan had not adopted a negative interest rate, said Governor Haruhiko Kuroda, rejecting suggestions the new policy has been counterproductive.

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