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Bank of Japan doesn't intend to reduce the interest rate

The Bank of Japan Governor Haruhiko Kuroda said that the possibility of further interest rates reduction is extremely small. Now an economic growth in Japan has been accelerated, so it makes no sense to continue the easing policy.

According to Kuroda, inflation will reach the target of two percent by the end of the fiscal year in March 2019, while maintaining the current growth rate of the national economy. The head of the Central Bank of Japan said, that he intends to keep short-term rates at 0.1% and government bond yield by zero.