More Kuroda: Prolonged low rates could push down household income, consumption

Prolonged low rates could push down household income and weigh on consumption

• In guiding monetary policy will take into side effects such as the impact on financial institutions
• BOJ easy policy has helped consumption by stimulating economy, pushing up wages

Well, at least Kuroda sounds convinced whatever he is doing is right. Low rates slow and boost consumption ... OK then.

Earlier:

• BOJ Governor Kuroda says Japan's economy is expanding moderately

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