BoJ: Kuroda is here to stay – Danske Bank
|On Friday, the Japanese government officially reappointed Bank of Japan governor Haruhiko Kuroda for another five-year term and chose an advocate of bolder monetary easing as one of his deputies in a strong signal to investors that policy makers are in no rush to end the stimulus programme, points out Analyst, Aila Mihr at Danske Bank.
Key Quotes
“A vote in parliament on the appointments could happen before the end of the month. On the news, USD/JPY broke below 106, triggering a linguistic tweak by Finance Minister Taro Aso, who said the government will act when needed, a day after stating there is no need for intervention.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.