HomeBusinessBOJ Kuroda dismisses view ultra-easy policy crippled regional lenders

BOJ Kuroda dismisses view ultra-easy policy crippled regional lenders

TOKYO : Bank of Japan Governor Haruhiko Kuroda mentioned on Wednesday he “cannot accept” the view the central financial institution’s ultra-loose financial policy has led to regional lenders’ deteriorating well being.

“It’s true Japan’s low interest rate environment has had an impact on regional lenders through various channels,” Kuroda advised parliament.

“But Japan’s economy has expanded moderately thanks in part to the BOJ’s aggressive monetary easing” and helped enhance progress in areas the regional banks function, he mentioned.

(Reporting by Leika Kihara; Editing by Sam Holmes)

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