Fujiwara-Can't say if return to zero rate possible

Bank of Japan (BOJ) deputy governor Sakuya Fujiwara said on Thursday he could not say whether it was possible to return to a policy of guiding the key overnight call rate virtually to zero.

But he also told reporters in Kobe, western Japan, there was no need to change the central bank's monetary policy stance at the moment, given current economic conditions.

At a meeting on August 11, the BOJ's policy board decided to end its 18-month-old zero rate policy and to guide the key unsecured overnight

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account