BOJ’s Kuroda: Household spending remains weak due to coronavirus measures
|Further comments are flowing in from the Bank of Japan (BOJ) Governor Haruhiko Kuroda, as he continues to speak at the post-monetary policy press conference.
Household spending remains weak due to coronavirus measures, state of emergency curbs.
Expect private consumption to recover once coronavirus infections subside.
Wage growth remains small.
Rise in wages has been relatively moderate.
Don't think weak wage growth is the cause of weak consumption.
People's cautious activity under coronavirus is weighing on consumption.
Pent-up demand will help consumption recover.
Don't think volume of first operations under climate change scheme will be large.
See Evergrande issue as unique to the company itself.
China Evergrande troubles part of China real estate problem, not covid-related.
Believe Chinese authorities regulatory steps to prevent economic bubble are appropriate.
Does not think China regulations will adversely affect China, global economy.
Read: USD/JPY sticks to gains near session tops, above mid-109.00s
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.