BOJ’s Noguchi says its short-term policy rate adjustment likely to be slow

TOKYO (Reuters) – Bank of Japan board member Asahi Noguchi said on Thursday that the pace of adjustment in short-term policy rate of the central bank will be slow and made at a pace that cannot be compared to that of other major central banks.

A former academic, Noguchi was among two dissenters in the BOJ’s nine-member board in the bank’s decision last month to end eight years of negative interest rates and other remnants of its massive stimulus programme.

(Reporting by Makiko Yamazaki and Leika Kihara; Editing by Muralikumar Anantharaman)