Deutsche Bank: BoJ Has Not Gone Public Over Negative Interest Rate Success

The Bank of Japan has been noticeably unclear when addressing the effectiveness of its negative interest rate policy (NIRP), a Deutsche Bank report noted. Strangely quiet.

“What now?” is the question being asked of the BoJ

In January when BoJ Governor Haruhiko Kuroda announced the central bank’s negative interest rate policy, he clearly set a benchmark and target. Starting in six months but certainly by years end the impact of negative interest rates to reach the “real economy” would be known.

“In other words, by September, it will no longer be able to give the excuse that it is still waiting for the impact of NIRP,” Deutsche Bank Economist Kentaro Koyama...