BOJ lays groundwork for end of Japan's negative rates

Policy board members' comments indicate end to extreme easing on the horizon

TOKYO, Dec 07 (Nikkei) - The Bank of Japan appears to be preparing for the end of its long-held negative interest rate policy, as Deputy Gov. Ryozo Himino and other policy board members signal increasing optimism on price and wage increases.

Himino said at a press conference following a meeting on Wednesday that exiting the negative rate policy would have relatively little impact on Japan's economy. "We will carefully assess the situation and consider the timing and procedure of how to exit" negative rates, he said. ...continue reading

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