12/5/2019, 4:00 AM (Source: TeleTrader)
more TeleTrader news

BoJ's Harada: Stimulus measures boosted economy

Bank of Japan board member Yutaka Harada said on Thursday that bold stimulus measures impacted positively on the country's economy, as unemployment reached a 30-year low, while productivity rose.

He also stated that "if interest rates were raised, this would lead to a decrease in the demand for loans, a decline in prices." The banks' "structural problem" of "accumulating more deposits than they can lend" is much more troublesome for them than the low interest rates, Harada noted.

Breaking the News / MS