Do Other Central Banks Share Kuroda's Challenges?
Japan’s central bank still has room to increase monetary stimulus and doesn’t intend to reduce its bond-buying program soon, Governor Haruhiko Kuroda said in an interview. “For the time being, we keep the long-term interest rate around zero. If necessary, we could reduce the target rate of the 10-year Japanese government bond even lower than zero percent,” Kuroda said on Saturday, speaking with Bloomberg Television’s Francine Lacqua. “If necessary, we can reduce both the short end and long end of interest rates.” AllianceBernstein Fixed Income Portfolio Manager Daniel Loughney discusses with Francine Lacqua on "Bloomberg Surveillance."
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Full Show: Surveillance (09/20)
35:23 - Bloomberg Surveillance hosted by Tom Keene, Francine Lacqua, and Nejra Cehic. Guests include former Bank of England Governor Mervyn King, Sir Martin Sorrell, chief executive officer at WPP Plc, and Richard Haass, president at Council on Foreign Relations. (Source: Bloomberg)