BOJ’s Kuroda: Negative rates don't necessarily prevent us from guiding policy flexibly

Dhwani Mehta FXStreet

Additional headlines are hitting the wires from the Bank of Japan (BOJ) Governor Haruhiko Kuroda, via Reuters, as he continues to address the post-monetary policy decision.

Negative rates don't necessarily prevent us from guiding policy flexibly.

Will continue to examine COVID-19 impact on financial system.

Economists' consensus is that coronavirus will not accelerate inflation.

Uncertainty high but don't see chance of big resurgence in coronavirus cases.

Fully possible to expand BOJ’s coronavirus responses if necessary.

Won't comment on US presidential elections and its impact on markets.

Currency markets have been relatively stable compared with stocks.

Don't see need to review bond buying including super-long bonds.

USD/JPY consolidates in a range, below mid-104.00s

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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