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BOJ indicates it will continue negative rate policy after 2023

Central bank has long history of being bound to Fed's policy decisions

Bank of Japan Governor Haruhiko Kuroda meets the press after the central bank's policy board meeting on June 16.

TOKYO -- Financial market participants have paid keen attention to a recent remark by Bank of Japan Gov. Haruhiko Kuroda suggesting that the central bank will continue its negative interest rate policy after 2023.

Answering a question at a news conference on June 16 about whether it will be difficult for the BOJ to increase interest rates before the U.S. Federal Reserve, Kuroda said, "I don't think the BOJ will be anywhere near raising interest rates in fiscal 2021 or 2022."

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