Negative rates to contribute to portfolio rebalancing – BOJ’s Kuroda

FXStreet (Mumbai) - More comments from BOJ Kuroda are as under:

Adjusted policy today due to worries about delay in escape from deflation mindset

Expect negative rates to contribute to portfolio rebalancing, which is plus for economy

Negative interest rates may have short-term negative impact on financial institutions but don't expect major impact

Japan's QQE is exerting intended effects

BOJ’s monetary policy is not targeting currencies

Forex rates should reflect fundamentals, be stable

Asked staff to come up with easing options