BOJ's Fukui: stable prices, low interest rates

Expectations for stable prices are behind the recent global phenomenon of low long-term interest rates, Bank of Japan Governor Toshihiko Fukui said in a speech published on Monday 12 September.

"Long-term interest rates basically reflect the market's outlook on the economy and prices. So one can say that the outlook for stable prices is behind the fall in long-term interest rates," Fukui said. The speech was delivered at an academic seminar in Tokyo on Friday and published on the BOJ's website

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