The Bank of Japan (BOJ) could soon cut rates further into the negative territory to counter the ongoing economic slowdown, the Bank of Japan’s (BOJ) former policy board member Shirai said on Friday. Shirai added that the central bank will spring into action if the Yen strengthens to an uncomfortable level. The Bank of Japan left its key short-term interest rate unchanged at -0.1 percent at its July meeting committed to expanding stimulus if a global slowdown prolongs and derails progress towards the 2% inflation target. Since then, the dovish BOJ expectations have increased. The Japanese inflation data released earlier today further strengthened the case for more easing. The core consumer price index, which includes oil products but excludes fresh food prices, rose 0.6% in July year-on-year, matching the previous month’s print, which was the lowest since July 2017. 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 Bitcoin price prediction: BTC/USD confluence detector shows lack of resistance and support levels FX Street 4 years The Bank of Japan (BOJ) could soon cut rates further into the negative territory to counter the ongoing economic slowdown, the Bank of Japan's (BOJ) former policy board member Shirai said on Friday. Shirai added that the central bank will spring into action if the Yen strengthens to an uncomfortable level. The Bank of Japan left its key short-term interest rate unchanged at -0.1 percent at its July meeting committed to expanding stimulus if a global slowdown prolongs and derails progress towards the 2% inflation target. Since then, the dovish BOJ expectations have increased. The Japanese inflation data released earlier… 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.
