BOJ’s Amamiya: Need to pay attention to downside risk to economy

Dhwani Mehta FXStreet

The Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya is back on the wires now, via Reuters, making some comments on the economy.

Key quotes

“Need to pay attention to downside risk to the economy.”

“BOJ to make the right decision on extending virus programs.”

“Want to quickly launch a new scheme to strengthen the regional financial system as quickly as possible.”

“Chance is very low that new system to strengthen regional finance would affect interest rate formation in the market as a whole. “

“Any effects could be offset by monetary adjustment.”

Earlier today, he said that the BOJ would not hesitate to roll out further easing if necessary.

Market reaction

USD/JPY keeps its range around 104.40 on the above comments, adding 0.14% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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