The Bank of Japan’s negative interest rate policy is adding a new ingredient: a dash of remorse. Two weeks before a much-anticipated monetary-policy meeting, BOJ Governor Haruhiko Kuroda acknowledged that subzero policy rates have had an adverse impact on the profitability of Japanese financial institutions—and, more important, said the BOJ should consider these effects when conducting policy. That’s an important turn in the...

Source: Wall Street Journal September 05, 2016 06:45 UTC