BOJ’s Kuroda: Will keep supporting funding of companies
|Bank of Japan (BOJ) will keep supporting the funding of companies closely watching the coronavirus pandemic situation, said Governor Haruhiko Kuroda in his scheduled press conference after the monetary policy decision announced earlier this Thursday morning.
Further comments
Japanese economy started to pick up -exports, production picking up.
Business investment on declining trend -improving in economy only moderate
Economic outlook is on a recovery trend -price expectations weakening.
Inflation going back to positive territory.
Will not hesitate to add easing if necessary.
Domestic, external financial markets remain nervous but strain has eased somewhat.
Abenomics has helped sustainable growth of Japanese economy.
Will continue to underpin japan economy with powerful monetary easing.
BOJ to keep close contact with govt in steering monetary policy.
Would consider additional monetary easing with importance of sustaining virtuous economic cycle in mind.
Remain committed to proceed with policy together with govt.
Market reaction
USD/JPY extends the drop below 105.00, mainly driven by broad US dollar retreat. The yen markets are unperturbed by the above comments from Governor Kuroda. The spot drops 0.11% to 104.83, as we write.
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.