BOJ's Kuroda in parliament:

  • Monetary policy alone cannot solve Japan's economic problems
  • Technically possible to push interest rates deeper into negative territory
  • It's true bank notes in circulation have been on the rise in japan but don't see shift in trend since adoption of negative rate policy

Also, from Japan finance minister Aso:

  • Will raise sales tax unless a shock on level of Lehman Bros.
  • No difference with PM Abe on raising sales tax