BOJ's Kuroda: Policy alone cannot solve Japan's economic problems

Bank of Japan Governor Kuroda is speaking in parliament, noting that monetary policy alone cannot solve Japan's economic problems.

Headlines

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

Still halfway to inflation target

Labor market improving

Corporate profits high

Drop in the price of oil the main reason haven't hit inflation target