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BOJ to explore delving deeper into negative rates

From asia.nikkei.com

The Bank of Japan plans to position taking interest rates further into negative territory as the centerpiece of its future easing program as expansions to asset buying near their effective limit. The central bank has pledged a comprehensive assessment of its monetary policy at a two-day meeting starting Tuesday. The BOJ is expected to compile a review concluding that the economic benefits of the minus 0.1% deposit rate announced in January outweigh the side effects. Gov. Haruhiko Kuroda and his deputy governors are unanimous on this point, and are expected to gain support from the majority of the other policy board ... (full story)

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