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As yields creep up, BOJ's Kuroda calls for 'stably low' rates

By Leika Kihara
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Friday stressed the need to keep interest rates “stably low” to protect an economy ravaged by the COVID-19 pandemic, warning that prospects for a recovery were fraught with uncertainty.
Kuroda also said the central bank was already flexibly purchasing exchange-traded funds (ETF) under current guidelines, pointing to a recent slowdown in buying as Japanese stock prices hover at multi-year highs.
“It’s important now to keep the entire yield curve stably low as the economy suffers the damage from COVID-19,” Kuroda told parliament, when asked whether the BOJ will allow long-term rates to deviate further from its 0% target. ....

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Reasons Why You Should Be Opening an Offshore Savings Account Today

Reasons Why You Should Be Opening an Offshore Savings Account Today
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UK's Co-op Bank cuts losses despite pandemic hit

UK's Co-op Bank cuts losses despite pandemic hit
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