BoJ Governor Kuroda: Possible to deepen negative interest rates further

Haresh Menghani FXStreet

The Bank of Japan (BoJ) Governor Haruhiko Kuroda, in the post-policy meeting press conference, was noted saying that today's move was made out of coordination among other countries' central banks as uncertainty remains high.

Additional quotes:

Coronavirus impact on the Japanese economy will last for the time being.
The Japanese economy to return to moderate growth ahead.
Closely watching developments at home and overseas.
Doubled ETF purchases to avoid risk aversion among investors.
It is possible to deepen negative interest rates further.
We can boost JGB purchases further.
The current situation is different from Lehman shock.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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