Kuroda touts QQE success in Washington


Japan's long-term interest rates have declined since May – despite higher rates globally and a 30% increase in the stock market – a signal that the Bank of Japan's (BoJ) quantitative and qualitative monetary easing (QQE) is "exerting its intended effects", BoJ governor Haruhiko Kuroda said in a speech in Washington yesterday.

Kuroda said the Japanese economy's biggest problem "is that prices will not increase even if the level of economic activity rises" and, therefore, "the greatest challenge

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