Not thinking about lowering rates again now – BOJ’s Kuroda

In parliament today, BOJ Kuroda speaks on the central bank’s negative interest rates policy.

Key Quotes:

As with BOJ, believe ECB’s negative rate policy aimed at pushing down real interest rates, heightening inflation expectations

Not thinking about lowering rates again now

Will take appropriate monetary policy steps in future if needed

Will adjust monetary policy without hesitation if needed

Meanwhile, the yen is seen extending gains following BOJ Kuroda’s comments, dragging USD/JPY to fresh session lows of 113.25.