Fukui says zero rate policy depends on economy

Bank of Japan governor Toshihiko Fukui said in parliamentary testimony on Tuesday 30 May that ending the central bank's zero interest rate policy depends on economic growth and inflation.

The BoJ chief also told the financial affairs committee of the upper house of parliament that the bank has no precise short-term numerical target for reducing the balance of current accounts held by commercial banks at the BOJ to a minimum required level.

"Recovery in corporate profits is fine, but the

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