BoJ: Reiterating its stance, in wake of coronavirus outbreak
|In the wake of the coronavirus outbreak, the Bank of Japan on Monday has said it is reiterating its stance, that it is ready to relax some requirements financial institutions must meet to participate in its market operations.
Key notes
Even if financial institutions do not meet capital buffer, liquidity requirements now, they are eligible as counterparty to market operations if BoJ deems they will make steady progress in meeting the requirements.
Market implications
USD/JPY better offered in COVID-19 risk off markets
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