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The Bank of Japan (BoJ) Governor Haruhiko Kuroda said in a press conference on Friday that negative interest rate does not replace the current quantitative easing, adding that its additional stimulus measure.
The central bank on Friday lowered its interest rate to -0.1% from 0.1%, added that it could cut its interest rate further if needed. Analysts did not expect this decision.
Only 5 of 9 board members voted for the interest rate cut.
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