BOJ Kuroda: interest rates would rise when 2 percent price goal is met
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Wednesday that interest rates would rise when the central bank's 2 percent inflation target is achieved although it's unlikely borrowing costs would increase anytime soon.
"It is unthinkable that long-term interest rates would stay around zero percent when the 2 percent price goal is achieved," Kuroda told a parliament committee.
"If (further) easing is necessary, interest rates could be lowered further as needed. On the other hand, interest rates would rise if the price stability target is met."
(Reporting by Tetsushi Kajimoto; Editing by Shri Navaratnam)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Stock futures rise ahead of earnings, GDP data
- Showing restraint, Belarus to release anti-Russian blogger: rights group
- OPEC officials start meeting on implementing supply cut
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!