Nikkei: BOJ to explore deeper negative rates

|By:, SA News Editor

The BOJ plans to make negative interest rates the centerpiece of future monetary easing, promising to weigh further cuts as expansions to its already massive asset buying near their limits, the Nikkei reports.

The central bank adopted the controversial policy in February to hit its 2% inflation target, but the move's unwelcome side effects have been a stronger yen and pressure on financial institutions from thinner margins.

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