Bank of Japan (BOJ) are more open to discussing the possibility of expanding stimulus and may consider reducing rates further into the negative territory at their board meeting on Sept 18-19, sources familiar with the matter say, according to Reuters. As of now, BOJ’s short-term interest rate target is -0.1%. Key quotes Deepening negative interest rates will be among key options if the BOJ were to ease, although the central bank may need to accompany that with measures to mitigate the pain any such move could inflict on financial institutions. The pickup in global growth is taking longer than expected, which could affect Japan’s output gap and hurt domestic demand. If risks to Japan’s economy are deemed too high, there’s a chance the BOJ may act. The BOJ’s current policy framework targets interest rates, so it makes logical sense to consider moving around the targets first. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/IDR technical analysis: On its way to 23.6% Fibo. unless breaking support-turned-resistance FX Street 4 years Bank of Japan (BOJ) are more open to discussing the possibility of expanding stimulus and may consider reducing rates further into the negative territory at their board meeting on Sept 18-19, sources familiar with the matter say, according to Reuters. As of now, BOJ's short-term interest rate target is -0.1%. Key quotes Deepening negative interest rates will be among key options if the BOJ were to ease, although the central bank may need to accompany that with measures to mitigate the pain any such move could inflict on financial institutions. The pickup in global growth is taking longer… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
