More comments from Bank of Japan (BOJ) Governor Kuroda. he's got more energy than the Eveready Bunny
- Negative rate not targeting the stock market, its to support QQE
Bunny speaks with forked tongue ...
More:
- Negative rate policy does not target fx rates
- Desirable for forex to move in stable manner reflecting economic fundamentals
- If all conditions equal, a policy such as negative interest rate works to weaken the country's currency
- FX moves are affected by various factors, not just interest rate differentials between countries