BoJ senior official: boj hopes to maintain powerful monetary easing to support economy

Ross J Burland FXStreet

BoJ senior official: labour shortage not becoming strong constraint on Japan's economic growth.

Key notes

Public, private sectors must make efforts to boost productivity so economy can achieve strong, sustainable growth.
Japan's oct-dec GDP may have contracted sharply due to overseas slowdown, sales tax hike impact and hit from natural disasters.
Japan's economy likely to sustain moderate expansion as a trend on robust CAPEX, govt spending.
Must be vigilant against various risks such as chance coronavirus outbreak could affect inbound tourism, production.
BoJ hopes to maintain powerful monetary easing to support economy.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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