TOKYO : Nearly half of Japanese firms say that new leadership at the central bank should revise its negative interest rate policies, while more than a quarter say its price target should be changed, according to a Reuters monthly poll.The government nominated academic Kazuo Ueda to head the Bank of Japan
TOKYO : Nearly half of Japanese firms say that new leadership at the central bank should revise its negative interest rate policies, while more than a quarter say its price target should be changed, according to a Reuters monthly poll.
Among nearly 500 major companies polled, 47 per cent said the BOJ should modify policies that allow interest rates to go negative. In the next most common response, 28 per cent said the central bank should revise its 2 per cent inflation target. Only 9 per cent said the BOJ should scrap its yield curve control policy, a trading band for bond maturities that has come under increasing attack by speculators. Even so, a majority of companies, 62 per cent, said a normalisation of monetary policy would not have a good or bad impact on their business.
Kuroda was rated in the top two quintiles by 40 per cent of managers, compared with 14 per cent who put in the bottom ranks.
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