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BOJ's Kuroda sees no need to deepen negative rates now to fight pandemic

FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda wearing a protective face mask attends a
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TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Thursday he saw no need to take interest rates deeper into negative territory now, as the central bank's immediate focus was to pump money into cash-strapped firms and keep financial markets stable.The BOJ applies negative rates to only a small portion of deposits financial institutions park with the central bank, which means there..
Date Published: May 14, 2020
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