We do not share BoJ Board member Shirai’s view that the introduction of negative rates would hamper the ability of the Bank to purchase JGBs. However, Ms Shirai’s views have been close to those of the Bank’s leadership in the past. The upshot is that negative interest rates are unlikely to be imposed anytime soon.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services