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BOJ’s Amamiya: Wont rule out deepening negative rate if the central bank eases further

“Won’t rule out deepening negative rate as among options if the Bank of Japan (BOJ) were to ease further,” said Deputy Governor Masayoshi Amamiya, in his speech on Wednesday.

Further comments

“For now, think it’s important for major central banks to maintain 2% inflation target.”

Central banks must always look at whether there is any change in relations between economy and prices, what time-frame they should set in achieving their price targets.”

Excessive fall in long-term yields could hurt households’ sentiment.”

“Biggest near-term risk is regarding COVID-19, so the most important thing for central banks is to smoothen corporate funding, ensure market stability.”

“When mulling further easing, BOJ must look not just at the effect but the side-effect of its policy steps.”

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