BOJ’s Kuroda makes no comments on monetary policy

Dhwani Mehta FXStreet

The Bank of Japan (BOJ) Governor Kuroda is on the wires now, via Reuters, making some comments on the financial stability but refrain from touching upon the monetary policy outlook.

Key Quotes:

Unintended forms of market fragmentation may arise as details of financial regulations and timing of their implementation differ across countries.

Unintended market fragmentation should be avoided as it can have negative effect on stability, efficiency of financial system.

Climate-related risk is an example of new issue for financial stability.

Impact of natural disasters may decrease asset value, associated risk may come to be significant challenge for financial institutions.

It is necessary to thoroughly investigate, analyse impact of climate-related risk.

Cyber-risk, anti-money laundering, countering financial terrorism, issue of crypto assets among challenges needed to be addressed on financial stability.

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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