Kuroda: BOJ's policy not aimed at bankrolling public debt

Dhwani Mehta FXStreet

Bank of Japan (BOJ) Governor Haruhiko Kuroda said that it is important for the government to take steps to maintain medium and long-term fiscal health while speaking in parliament this Tuesday.

Key Quotes:

Central bank's monetary easing steps were aimed solely at achieving its inflation target, and not at monetizing public debt.

It's important for the government to take steps to maintain Japan's fiscal health.

Will continue with easing to achieve inflation target.

Market implications

Over the last hour, the USD/JPY pair witnessed aggressive selling and quickly eroded 30 pips to test the three-week low of 108.74. At the press time, the spot trades around 108.80 amid escalating coronavirus concerns.

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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