TOKYO—Bank of Japan Gov. Haruhiko Kuroda on Monday acknowledged the downsides of his negative-interest-rate policy, suggesting caution about further reductions in rates. Mr. Kuroda, speaking at a seminar in Tokyo, said negative rates particularly hit the profits of financial institutions while low long-term yields hurt some other businesses by forcing them to put aside more money for long-term pension obligations. The central...

Source: Wall Street Journal September 05, 2016 05:26 UTC