• Bloomberg

  • SHARE

Global financial markets need Japan’s benchmark interest rate to be returned to “normal,” Reserve Bank of Australia Gov. Glenn Stevens said.

“It’s fundamentally a distortion” to have Japan’s interest rates as low as they are, Stevens said Friday in Queensland. “The sooner the Japanese interest rates are able to be normal again the better from the point of view of the global financial system.”

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW