Economics
BOJ’s Kuroda Sees Interest Rate Staying Ultralow Into 2023
- Governor says difficult for BOJ to move before Federal Reserve
- Says BOJ determined to shore up corporate financing, markets
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Bank of Japan Governor Haruhiko Kuroda said interest rates would likely remain ultralow into 2023 and warned that the coronavirus pandemic could end up having a longer-than-expected impact on the economy.
“Whether it’s the fiscal year 2021 or 2022, I do feel we’re a long way from a situation where we can raise rates,” Kuroda said at press conference in Tokyo, essentially ruling out the possibility of higher rates before his current term as governor ends in April 2023.