By Leika Kihara
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Friday stressed the need to keep interest rates “stably low” to protect an economy ravaged by the COVID-19 pandemic, warning that prospects for a recovery were fraught with uncertainty.
Kuroda also said the central bank was already flexibly purchasing exchange-traded funds (ETF) under current guidelines, pointing to a recent slowdown in buying as Japanese stock prices hover at multi-year highs.
“It’s important now to keep the entire yield curve stably low as the economy suffers the damage from COVID-19,” Kuroda told parliament, when asked whether the BOJ will allow long-term rates to deviate further from its 0% target.
Reasons Why You Should Be Opening an Offshore Savings Account Today
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UK s Co-op Bank cuts losses despite pandemic hit
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Can a United States Citizen Have an Offshore Bank Account?
Published 3 months ago
By Luigi Wewege, Senior Vice President, and Head of Private Banking of Belize based Caye International Bank
One of the downsides of the Internet is the dissemination of misinformation. That has led some to believe that US citizens cannot open and maintain offshore bank accounts, investment accounts, and other types of financial resources. That’s not the case.
While some things have changed over the years, the truth is that US citizens are free to open accounts outside the country’s borders. Here is some necessary information about this type of financial strategy and what it could mean for you.