BOJ’s Kuroda: No need to change forward guidance at present
|Bank of Japan (BOJ) Governor Harihuko Kuroda continues to speak at the press conference that follows the bank’s monetary policy meeting.
Key quotes
Economy, economic outlook still needs vigilance over coronavirus pandemic.
Won't rule out possibility of altering forward guidance in future.
No need to change forward guidance at present.
Negative rates are not having big negative impact on financial institutions.
Kept existing forward guidance unchanged as pandemic’s impact is still in place, must be vigilant going forward as downside risk to economy.
No need to abolish negative interest rate just to follow overseas central banks responding to higher inflation rates.
Don't see need to lower Japan economic growth outlook from Fed rate hike.
Related reads
- BOJ’s Kuroda: Will patiently continue powerful monetary easing
- USD/JPY Price Analysis: Bullish Flag assures continuation of a dream run, 147.00 eyed
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.