TOKYO -- Bank of Japan Gov. Haruhiko Kuroda on Thursday reiterated his willingness to push short-term interest rates further into negative territory, despite concerns that such a policy would hurt the banking industry and undermine economic growth.
"It is true that minus interest rates have both positive and negative effects," Kuroda said in a press conference following a two-day policy meeting during which the bank decided to leave rates unchanged. "But that doesn't mean that no further reduction is possible."
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