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Japan’s Abe says expects BOJ to weigh benefits, costs in deciding policy

“TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said on Tuesday he expects Bank of Japan Governor Haruhiko Kuroda to make an appropriate decision on monetary policy while weighing the benefits and costs of each step” writes Midwest Communications Inc for Abe made the remark in parliament, when asked about the possibility the BOJ may loosen monetary policy further by deepening negative interest rates. Under a policy dubbed yield curve control (YCC), the BOJ pledges to guide short-term rates at -0.1% and the 10-year government bond yield around 0%.

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