BOJ's Kuroda: Don't see immediate damage to banking sector from negative rates

October 3, 2016 9:14 PM EDT

Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan, September 21, 2016. REUTERS/Toru Hanai


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TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Tuesday he did not see any immediate damage to the country's banking sector from the central bank's negative interest rate policy.

"In guiding monetary policy, we will take into account not just how our policies affect lending rates and the economy, but how they affect the finance sector," Kuroda told a parliament committee meeting.

(Reporting by Leika Kihara; Editing by Shri Navaratnam)



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