Bank of Japan Governor Kazuo Ueda stated on Thursday that current real interest rates remain significantly negative, contributing to accommodative financial conditions in Japan.
Speaking before Japan's parliament, Ueda noted that increased fiscal spending could potentially push up market interest rates, which might crowd out private investment.
However, he emphasized that mid- to short-term real interest rates in Japan are clearly negative, and this loose financial environment is supporting moderate growth in private capital expenditure.
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