LIVE: Bank of Japan's Governor Proposes Ending Negative Interest Rates | Japan's Interest Rate | CNBC TV18
Bank of Japan Governor Kazuo Ueda has proposed ending negative interest rates as chair of the policy-setting board, public broadcaster NHK reported on Tuesday.
The move would mark a historic shift away from a focus of reflating growth with decades of massive monetary stimulus.
While the reported move will be Japan's first interest rate hike in 17 years, it still keeps interest rates stuck around zero as a fragile economic recovery forces the central bank to go slow in any further rise in borrowing costs, analysts say.
The shift makes Japan the last central bank to exit negative rates and ends an era in which policymakers around the world sought to prop up growth through cheap money and unconventional monetary tools.
#BankOfJapan #Japan #InterestRates #JapanMarket #LiveNews #cnbctv18
n18oc_business
Bank of Japan Governor Kazuo Ueda has proposed ending negative interest rates as chair of the policy-setting board, public broadcaster NHK reported on Tuesday.
The move would mark a historic shift away from a focus of reflating growth with decades of massive monetary stimulus.
While the reported move will be Japan's first interest rate hike in 17 years, it still keeps interest rates stuck around zero as a fragile economic recovery forces the central bank to go slow in any further rise in borrowing costs, analysts say.
The shift makes Japan the last central bank to exit negative rates and ends an era in which policymakers around the world sought to prop up growth through cheap money and unconventional monetary tools.
#BankOfJapan #Japan #InterestRates #JapanMarket #LiveNews #cnbctv18
n18oc_business
