BOJ's Kuroda: Definitely room for a further cut in rates

BOJ governor Koruda made some juicy comments over the weekend, noting "technically there definitely is room for a further cut" into negative territory, Sunday's Japan Today reports, citing Japanese newspaper Sankei.

According to Kuroda: "The degree of negative rates introduced by European central banks is bigger than Japan", adding that "BOJ will not rule out deepening cut to negative rates it introduced in February."

Japan Today continues: " The BOJ will also consider whether to make any changes to the 80 trillion yen ($798 billion) per year massive asset-purchase plan once the outcome of a comprehensive assessment of its monetary policies is out in September, Kuroda said."