Fukui rules out early BoJ rate rise

Toshihiko Fukui, governor of the Bank of Japan, sought to lower expectations on Thursday t16 March hat an early interest rate rise would follow the end of the BoJ's ultra-loose monetary policy last week.

Giving testimony to parliament, Mr Fukui said: "We will not immediately head towards tightening."

Referring to the super-loose policy abandoned last week, a month earlier than many commentators had expected, he said: "It is too early to discuss when to end the zero-interest rate policy as we ha