BOJ head nominee Kuroda: BOJ should aim to lower long-term rates
TOKYO, March 11
TOKYO, March 11 (Reuters) - The Bank of Japan should aim to lower long-term interest rates and risk premiums to stimulate the economy and push up consumer prices, Haruhiko Kuroda, the government's nominee to be the next central bank governor, said on Monday.
Kuroda, 68, president of the Asian Development Bank and an advocate of aggressive monetary easing, also said it is important for the central bank to monitor asset prices when guiding monetary policy.
Last month, Prime Minister Shinzo Abe named Kuroda, Japan's former top currency diplomat, to be the new Bank of Japan governor in a shift for radical BOJ easing to end nearly two decades of deflation.
- Trucks from aid convoy to Ukraine start crossing back into Russia |
- Restraint marks Ferguson, Missouri protests for third straight night |
- Gaza gunmen execute 'collaborators'; mortar kills Israeli boy |
- U.S. says Russia must pull convoy from Ukraine or face more sanctions |
- U.S. hostage rescuers dropped from night sky: Syria activist