BoJ’s Kuroda: Risks are skewed to downside for economy, prices

Dhwani Mehta FXStreet

The Bank of Japan (BoJ) Governor H. Kuroda is on the wires now, via Reuters, speaking at the press conference following the monetary policy decision announced earlier today.

The BoJ left the monetary policy settings unchanged while lowering the Japanese growth and inflation forecasts.

Main Headlines:

Risks are skewed to the downside for the economy, prices.

Price momentum towards 2% inflation is maintained.

BoJ to keep extremely low rates for an extended period.

Kataoka opposed the outlook report on prices.

Kataoka viewed low chance of inflation accelerating towards 2%.

Global economy is continuing to grow overall.

Trade protectionism may be a drag on global economy.

China's economy remains stable due to fiscal stimulus steps.

Impact from US-China trade friction has so far been limited on Japan's economy-

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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