Need some time to watch impact of negative rate policy – BOJ’s Kuroda

More headlines flowing in from the BOJ Chief Kuroda, as he notes the effects of the negative interest rates policy adopted by the central bank six weeks ago.

Key Quotes:

Policy effects of QQE with negative rates have been seen on interest rates

Expect effects of QQE with negative rates to spread to real economy and prices

Lending, mortgage rates have clearly fallen after introduction of negative rates

Negative rates will be positive to households on the whole

Employment, household incomes steadily improving under QQE

Negative rates strengthening impact of qqe, expected to broadly benefit economy

Uncertainty over Chinese economy has eased

Financial markets have stabilized somewhat

G20's clear statement on policy commitment has helped stabilise financial markets

Need some time to watch impact of negative rate policy