TOKYO (Reuters) - The Bank of Japan is considering modifying its forward guidance at its policy-setting meeting on Thursday to more clearly signal the future chance of interest rate cuts, the Nikkei newspaper reported.
Under its current forward guidance, a pledge central banks make on future monetary policy, the BOJ commits to keeping present ultra-low interest rates "for an extended period, at least until around the spring of 2020."
The BOJ's nine-member board will discuss changing the language to more clearly signal the central bank's readiness to cut rates in the future, the Nikkei said on Thursday, without citing sources.
