BOJ's Kuroda rules out rate hike for now, bemoans structural woes hurting banks

BOJ's Kuroda rules out rate hike for now, bemoans structural woes hurting banksWhile Kuroda said the BOJ would be more mindful of the rising cost of prolonged stimulus, he saw "no reason" now to follow in the footsteps of its U.S. counterpart in normalizing policy with inflation still distant from its 2 percent target. Kuroda conceded that Japan's regional banks could see their business environment worsen further five to 10 years ahead, as they run out of assets to sell to make up for shrinking profits from core lending operations.




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