BOJ’s Kuroda: Prolonged low rates could weigh on consumption

The Bank of Japan (BOJ) Governor Kuroda on Tuesday shared his take on the undesirable effects of a prolonged low period of low-interest rates.  

Kuroda said holding interest rates low for a long time could push down household income and hence could weigh on consumption. However, the central banker still favors persistent easing as the inflation remains well below the 2 percent target.