--- The Bank of Japan (BOJ) has decided to lower the interest rate imposed on a portion of the money private banks deposit in current accounts at the BOJ to negative 0.1%. What is your take on this decision by the BOJ?
IWATA Kazumasa: Inflation expectations are declining, and there is an increasing risk of deflationary pressure mounting again in Japan. Markets are also losing their stability against the backdrop of the economic slowdown in China and other countries, the declined value of the renminbi, and low crude oil prices. There was a risk that Abenomics would suffer a reversal if things were left as they were. The BOJ decision can be seen as a move to put the brakes on these risks and prevent deflationary ... [Read more]