The Bank of Japan’s (BOJ) Haruhiko Kuroda reiterated that the central bank “will ease policy further without hesitation as needed” while speaking at its post-monetary policy meeting press conference scheduled on Thursday.
Will ease monetary policy further without hesitation as needed.
Need to pay attention of impact from coronavirus on domestic and overseas economies.
Prolonged supply constraints would cause risk of higher inflation.
Risk of inflation as seen overseas would be limited in Japan.
more to come ...
USD/JPY is holding ground, testing daily lows of 113.50 on Governor Kuroda’s comments. The spot ignores the rebound in the US Treasury yields, as the risk-off trading in the global stocks overwhelms. The major was last seen trading at 113.52, 0.22% lower on the day.
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