BOJ's Kuroda Says Global Economy Entering New Phase Post-Crisis

Bank of Japan Governor Haruhiko Kuroda said on Monday (26/12) that the global economy seems to be entering a new phase and finally putting behind the negative legacy of the global financial crisis. (Reuters Photo/Kim Kyung-Hoon)

By : Leika Kihara | on 8:30 PM December 26, 2016
Category : International, World, Asia-Pacific

Tokyo. Bank of Japan Governor Haruhiko Kuroda said on Monday (26/12) that the global economy seems to be entering a new phase and finally putting behind the negative legacy of the global financial crisis.

The BOJ's new policy framework aimed at keeping long-term interest rates around zero percent will help maximize the benefits of global tailwinds for Japan's economy, Kuroda said.

"By implementing this policy framework in an appropriate manner, the BOJ can take advantage of the recovery momentum of the global economy to produce an even greater driving force for Japan's economy," he said in a speech at Keidanren, Japan's biggest business lobby.

 
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