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Bank of Japan Governor Haruhiko Kuroda: Limited Scope for Interest Rate Cuts to Boost Economy
1 week ago /
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Author：小编
Bank of Japan Governor Haruhiko Kuroda highlighted in a parliamentary session that with the policy interest rate standing at 0.5%, the central bank has limited scope to further cut rates in order to stimulate the economy should it encounter severe downward pressure. Additionally, Kuroda noted that Japan's price trends remain distant from the targeted 2% inflation rate and that achieving this target will take time. Should the Bank of Japan gain confidence in the improvement of price trends, it will persist in implementing policies aimed at raising interest rates.
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