Fukui: Zero rate policy can't last 'indefinitely'

Bank of Japan governor, Toshihiko Fukui, said on Friday 10 March that the central bank won't keep borrowing costs at zero forever.

``Having interest rates at zero is a very accommodative level given the state of the economy and prices,'' said Fukui, who was speaking in parliament in Tokyo. ``The zero rate policy cannot last indefinitely,'' he added, describing it as an ``extraordinary'' step.

The central bank ``wants to keep conditions accommodative for some time,'' Fukui said, repeating its

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

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.