BOJ’s Kuroda: Won't hesitate to ease monetary policy further if necessary

Dhwani Mehta FXStreet

Bank of Japan (BOJ) is speaking at the post-policy meeting conference on Tuesday, reiterating that they “won't hesitate to ease monetary policy further if necessary.”

Additional quotes

Won't hesitate to ease monetary policy further if necessary.

Premature to debate specifics on BoJ’s monetary policy framework review.

Effects overwhelm negative side-effects.

Still takes time to achieve inflation target.

Too early to debate exit to current monetary policy.

If possibility of achieving 2% price target draws near, we can discuss timing of exit.

Today's decision is not a rate hike.

Market reaction

USD/JPY is off the multi-month lows of 132.38 on Kuroda’s comments. The pair is trading at 133.03, still down 2.81% so far.

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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