BOJ’s Kuroda – Negative rates does not signal a limit to QQE

Bank of Japan (BOJ) governor Kuroda was on the wires stating the adoption of a negative rates strategy does not signal the limit to QQE program.

Markets have been speculating that expansion of the QQE program is no longer possible; hence bank resorted to the negative rates strategy.

Key quotes

Lending rates clearly falling, expect this to filter through economy

Government to continue to take steps toward fiscal discipline