BOJ’s Kuroda: Will not hesitate to take action if needed amid coronavirus uncertainty

Dhwani Mehta FXStreet

Bloomberg reports the comments delivered by the Bank of Japan (BOJ) Governor Kuroda in an interview with Sankei Shimbun, a Japanese daily, recently.

Key Quotes:

The virus is the biggest uncertainty for the economy.

Will need to consider monetary policy steps if coronavirus has big impact on Japan economy.

Global and Japan economic growth unlikely to significantly undershoot last year's growth.

Will consider additional easing steps without hesitation if possibility of virus impact heightens.

This comes after the Japanese October-December gross domestic product (GDP) growth shrank at the fastest pace in six years, suggesting growing recession risks.

The USD/JPY pair trades better bid around 109.80-85 levels, divided between poor Japanese growth numbers and China’s stimulus measures led a risk-on market profile.

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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