Kuroda insists there is ‘no limit’ to monetary easing

Haruhiko Kuroda
BoJ governor Haruhiko Kuroda

Haruhiko Kuroda insisted there is "no limit" to the Bank of Japan's ability to ease policy today (February 3) – brushing off concerns the central bank is running out of assets to buy.

His remarks follow the Bank of Japan's decision to slash interest rates by 20 basis points to –0.1% on certain excess reserves held by banks in a closely contested decision on January 29.

Governor Kuroda stressed the significance of this move. "It is no exaggeration," he said, "that [quantitative and qualitative

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