BOJ’s Kuroda: Negative interest rates help to create desirable yield curve

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Further comments are out from the Bank of Japan (BOJ) Governor Kuroda, as he continues to speak at the post-monetary policy meeting press conference.

Doesn’t see the need to change 2% inflation target.

Still wants to achieve target at earliest possible time.

Negative rates also help to boost easing effects.

China’s economy likely won’t slow down further given stimulus steps.

Low chance of further global slowdown but is aware of the risk.

Chinese and European economy are expected to recover in 2H 2019.

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