Japan's low interest rates may persist until next year because of a poor outlook for the world's second-largest economy, a senior official from the Bank of Japan said Monday.
"It's a possible scenario" because current forecasts for the Japanese economy are weak, associate director-general of the BOJ's International Department, told Dow Jones Newswires on the sidelines of a forum.
Nakagawa also said an appreciating yen helps sustain demand for Japanese Government Bonds, as a strengthening currency discourages Japanese households from investing in foreign assets and instead helps banks draw more yen-denominated savings deposits.
No comments:
Post a Comment