Ex-Japan EcoMin Takenaka: BOJ will undoubtedly cut its negative interest rate further

In an interview with Reuters on Wednesday, former Japanese economy minister Heizo Takenaka said that the Bank of Japan (BOJ) will slash further into negative territory in its effort to achieve 2% price target.

Key Quotes:

“BOJ will undoubtedly cut its negative interest rate further”

“BOJ's new policy framework is "orthodox" and it was not necessarily a big change”

"The important issue is that people need to acknowledge that the BOJ's policy has yielded significant effects"

"I think BOJ Governor Kuroda has been doing well, although there is strong criticism"