IMF says deepening negative interest rates an option for Bank of Japan

By Leika Kihara WASHINGTON (Reuters) - Deepening negative interest rates remains an option if the Bank of Japan were to ramp up stimulus, though any such move must be accompanied by fiscal and structural steps to be effective, a senior International Monetary Fund official said on Friday. Odd Per Brekk, deputy director of the IMF's Asia and Pacific department, also said the BOJ had room to enhance communication by linking its commitment to keep rates low more clearly to its 2% inflation target. "We think that lowering the negative interest rate remains an option.

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