BOJ’s Kuroda: Japan's economy likely to recover ahead as coronavirus impact eases

Anil Panchal FXStreet

Bank of Japan (BOJ) Governor Haruhiko Kuroda crossed wires, via Reuters, during early Thursday. The policymaker rejected the recent rises in energy costs while saying, that the country's consumer inflation is expected to turn positive.

Key quotes

Japan's economy is expected to recover ahead as the impact of the coronavirus pandemic gradually subsides.

Closely watching coronavirus impact, won't hesitate to ease policy further if necessary.

Japan's core CPI expected to linger around 0% near term, pick up pace gradually.

Japan's financial system remains stable, financial conditions are accommodative overall.

FX implications

USD/JPY pays a little heed to the comments while keeping the rebound from intraday low, at 111.40 by the press time.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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