Daily Management Review

Kuroda: Further Fall OF Deposit Rate Is ‘Technically Possible’


02/29/2016


Bank Of Japan’s governor is apprehensive about a further fall in deposit rate.



According to a statement of the Bank of Japan’s governor, Haruhiko Kuroda there is a possibility of its deposit rate to tread “further” into “negative territory”. The said statement came on Friday, the 26th February 2016, whereby Mr. Kuroda expressed that “further” negative deposit rate could be a technical possibility, while he also assured that he was not quite clear to its extent.
 
Nevertheless, Mr. Kuroda would be assessing the data first as to see how the reduction of deposit rate to “0.1%” that was carried out in the beginning of February 2016 actually “worked through the economy”.
 
Moreover, while speaking in a parliament’s session, the governor of the Bank of Japan stated:
"It is technically possible to implement a larger negative rate, although I couldn’t say with certainty how far we can go. In any case, at this stage, I’d like to closely examine the degree by which our recently decided minus 0.1% rate has filtered through.”
 
In fact, he also highlighted the fact that “such decisions” will impinge into the well being of banks on a commercial scale. Additionally, he also drew the audience’s attention to the much loss made which is proportionate to the holding back period of cash in the “form of bank notes”.






References:
http://www.digitallook.com/
 







Science & Technology

Smartphone makers will pay for pre-installing Google apps‍

Five loudest data leaks

Airbus announces Moon exploration competition

Former Head Of Google China Thinks Funding In AI Should Be Doubled By US

Germany Introduces The First Ever Train To Run On 100% Hydrogen

Germany Plans On Cyber Security Research To End Reliance On U.S. Tech

Fuchsia will kill Android by 2023: Top 5 facts about the new OS

New Study Finds Goats Interact More With Happy People

More than 32 thousand "smart" houses under threat of hacker attack

Internet addiction and children: Global plague

World Politics

World & Politics

Cyprus Cobalt Air stopped flights

Transparency International: Europe should stop selling citizenships

Turkey: We are not going to discuss borrowing from IMF anymore

Trump in your mobile phone: US is going to test Presidential Alert system

European automakers warn of consequences of tight emission controls

IATA: EU-UK flights can be cancelled due to Brexit disagreements

Ex-Brexit Minister Said A ‘Reset’ Is Needed For Brexit Talks

10 countries with the best healthcare systems