Now is time to monitor effects of QQE with negative rates – BOJ’s Kuroda

BOJ’s Governor Kuroda is crossing the wires via Reuters, noting that he discussed global economic situation with Japan PM Abe and explained the reason behind the adoption negative interest rates policy.
In the last hour, Nikkei reported that Governor Kuroda had entered PM Abe’s office for a meeting.

Key Quotes:

Discussed financial market moves with PM Abe

Discussed global economic situation with PM Abe

Discussed with PM Abe thinking behind negative rate policy

Closely watching financial markets including currencies
No comment on what I discussed with Abe on forex

Japan econ, prices moving in line with our scenario

Explained to PM about expected effects of negative rates

No particular opinion from Abe on monetary policy

QQE with negative rates bringing down yield curve as a whole

QQE with negative rates exerting intended effect

Now is time to monitor effects of QQE with negative rates