Bank of Japan Governor Haruhiko Kuroda said on Friday the central bank was ready...
FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda delivers a keynote speech at a G20 symposium on demographic change in Tokyo, Japan January 17, 2019. REUTERS/Issei Kato
“It might be the case that central banks have less room to cut interest rates than before. But that doesn’t mean central banks have no ammunition left to respond to financial developments,” Kuroda told a news conference after the Group of 20 finance leaders’ meeting.Kuroda also said he has no plans now to change the central bank’s forward guidance, or the message it sends to signal its policy intentions to financial markets.
“I think that stance is understood well by market players. In that sense, our forward guidance is showing its intended effect,” he said.
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