For some, the fact that February loan growth in Japan slowed slightly and deposits accelerated was taken as evidence that the move has not acted as the stimulant the bank had hoped for. But, there are some that take the move as proof of just how committed the BoJ is to getting inflation up.
We took the opportunity presented by the Portfolio Adviser: Japan event to quiz managers on their views on whether or not the move to negative rates implied the Japanese authorities had begun to run out of policy tools.
