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The manager of the Bank of Japan Kuroda- I see no problems in the banking system

The head of the Japanese central bank Kuroda in his recent speech before the parliament refuted the idea that the persistent easing of monetary policy had not the same impact as planned, complicating the life of the country's banking system. Such a statement can act coolly on the expectations of those who hoped for the rapid transition of the bank to tighten its policy.

At the same meeting, the head of the Japanese government, Shinzo Abe, noted that the country's leadership considers the inflation rate of 2% optimal for the health of the economy. This can be regarded as confirmation that the regulator is not going to move key rates earlier than it is supposed to. Against the background of the growth of the employment market and the improvement of price dynamics, there is no need to change anything in the agreement that was concluded between the government and the regulator five years ago.

Earlier, the head of the central bank agreed that his agency's policy hinders the normal growth of the profits of banks, but his denial that their functions suffer damage is a confirmation of his intention not to rush to change the parameters of monetary policy due to real risks for the entire financial system.

Such statements were made at a time when investors and market players are speculating that the Japanese regulator may raise the issue of increasing key rates at a meeting to smooth out the side effects of an aggressive stimulating policy. This opinion arose after in November at a speech in Zurich Kuroda in his rhetoric used the term "turn rate", meaning that the minimum level of rates at which the financial system begins to suffer damage and the positive impact from soft monetary policy is replaced by a negative one. Some perceived this as a signal that the regulator was going to begin to tighten the policy earlier than achieve inflation at 2%.