Kuroda – BOJ not looking to take additional steps right now

Bank of Japan (BOJ) governor Kuroda was back on the wires stating the central bank is not looking to initiate more easing right now.

However, Kuroda maintained the bank will adjust policy without hesitation in future if needed.

BOJ shocked the markets on Jan 29th by moving interest rates to negative territory. Many in the market read it as a sign the bank has run out of ammo and hence resorting to negative rate strategy.