Kuroda argued that the central bank was still waiting to asses the effects of its recent negative interest rate policy before adopting further easing measures.
“There is plenty, plenty of room to push down the negative rate,” Kuroda told reporters. “There is no change in our approach that we are going to do whatever is necessary.”
Japanese market watchers will have to wait until June to receive further guidance from the BOJ.
“It is not strange to think that the BOJ’s policy board wants to ease monetary policy further at its next meeting in June when expectations about the U.S. Federal Reserve’s next move are expected to come to a consensus and most Japanese companies report their full-year earnings,” Ryota Sakagami, chief equity strategist at SMBC Nikko Securities, told the WSJ.
Want more Currency ETF news and analysis? Visit www.etftrends.com/currency
CurrencyShares Japanese Yen Trust