Bank of Japan’s Kuroda Says Negative Rates Aid Underlying Price Trends

NASDAQ – Bank of Japan Governor Haruhiko Kuroda defended negative interest rates on Friday, suggesting underlying price trends are rising.

Kuroda made remarks in a speech and suggested that it took time for monetary policy to change behavior.

“Even in normal cases, it takes some time to see the penetration of monetary policy effects,” he said.

“In circumstances such as those in evidence today, where global financial markets remain volatile, partly due to uncertainties regarding the outlook for emerging and commodity-exporting economies, it could be even more difficult for positive changes to emerge.”

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