BOJ’s Harada: Need a little more time to gauge impact of negative rate policy on real economy
|The Bank of Japan (BOJ) published the text of the speech made by BOJ board member Yutaka Harada earlier today.
Key Quotes:
Need to be mindful of adding stimulus too late
BOJ shouldn't hesitate to take action if needed
Negative rates combined with QQE are having the intended impact
Monetary policy decides inflation in the longer term
Need a little more time to gauge impact of negative rate policy on real economy
Falling global stock prices since end-2015 reflect weakness in global trade stemming from weak economy
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