TOKYO Bank of Japan Governor Haruhiko Kuroda said on Thursday that the central bank's adoption of negative interest rates has been exerting its intended effects, which he said are expected to spread through the economy.
"It has already had effects on interest rates. I expect that positive effects will spread to capital expenditures and housing investment," Kuroda told a parliament session.
(Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim)
This story has not been edited by Firstpost staff and is generated by auto-feed.