BOJ’s Kuroda: Will ease policy further without hesitation if economy worsens further from coronavirus impact
|Further comments flowing in from the Bank of Japan (BOJ) Governor Kuroda, as speaks about the monetary policy, in light of the coronavirus outbreak.
If it takes long to contain the virus, it could have severe impact on the economy.
Japan will eventually see a recovery from the virus impact.
What is happening now is different from Lehman crisis.
Firms may face funding strains via drop in demand, output.
Economy can stage a V-shaped recovery.
USD/JPY reaction
USD/JPY keeps its range around 107.20, consolidating the corrective slide from 108.00 amid a tepid risk tone, as the virus spreads rapidly across the globe.
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