BOJ's Kuroda denies offering more exemptions from negative rates

Bank of Japan Governor Haruhiko Kuroda said on Wednesday he does not see room to make any other exemptions from the bank's negative interest rate policy besides money reserve funds (MRFs). "Looking at examples in Europe, theoretically there is plenty of room (to cut rates). The BOJ on Tuesday decided to exempt roughly $90 billion in short-term funds dubbed money-reserve funds (MRFs) from negative rates, after the securities industry warned that applying negative rates for these funds could curb