BOJ's Kuroda: Many agree the natural interest rate has fallen in recent years

Omkar Godbole FXStreet Contributor

Bank of Japan (BOJ) Governor Kuroda, while speaking at the 2017 BOJ-IMES Conference, said the natural rate of interest has declined in recent years, leading to unconventional monetary policies.

Kuroda was speaking on the topic - "Monetary Policy: Lessons Learned and Challenges Ahead"

Key points

Uncertainty about the natural rate of interest makes it difficult for central banks to steer policy

Monetary policy is not a tool for redistribution of wealth

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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