3/3, 6:13 AM (Source: TeleTrader)
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BOJ's Kataoka says bank should lower rates

Bank of Japan's board member Goushi Kataoka said in a speech that he thinks the central bank should take steps to maintain stability in the markets by lowering its short-term and long-term interest rates.

He disagreed with his colleagues on whether the board needs to make monetary policy adjustments, noting that he can't expect the country to achieve its 2% inflation target without the BoJ altering its monetary setting to make credit more easily available.

The bank's Governor Haruhiko Kuroda previously left the possibility for the bank to do more to help economic recovery from the pandemic through monetary easing, as risks remain tilted towards the downside.

Breaking the News / NL