BOJ’s Kuroda: No need to change forward guidance at present

Dhwani Mehta FXStreet

Bank of Japan (BOJ) Governor Harihuko Kuroda continues to speak at the press conference that follows the bank’s monetary policy meeting.

Key quotes

Economy, economic outlook still needs vigilance over coronavirus pandemic.

Won't rule out possibility of altering forward guidance in future.

No need to change forward guidance at present.

Negative rates are not having big negative impact on financial institutions.

Kept existing forward guidance unchanged as pandemic’s impact is still in place, must be vigilant going forward as downside risk to economy.

No need to abolish negative interest rate just to follow overseas central banks responding to higher inflation rates.

Don't see need to lower Japan economic growth outlook from Fed rate hike.

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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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