Investing.com - The Bank of Japan retains the option to widen a negative interest rate from the current target of 0.1%, Governor Haruhiko Kuroda said Friday.
"The negative interest rate policy is aimed at intensifying the QQE (quantitative and qualitative monetary easing)," Kuroda told the Lower House Financial Affairs Committee.
"Technically, we can lower the negative interest rate. But we are currently monitoring how the negative interest rate of -0.1% will work."
In January, four of the nine BoJ board members voted against the idea of charging 0.1% interest on a part of excess reserves parked by lenders at the central bank.