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BOJ decided negative rates to avoid hurting business sentiment - Kuroda

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - Bank of Japan (BOJ) Governor Kuroda is now on the wires, speaking at the BOJ press conference, explaining the reasons behind today’s unexpected rate cut decision.

    Key Quotes:

    Will lower rates further if needed

    Today’s decision will allow easing of policy on 3 dimensions

    3-tiered structure designed to maximise impact of negative rates

    Will continue QQE with negative rates as long as needed to meet price goal

    Expect negative rates to spread through economy, push down yield curve

    Will examine risks to econ, prices, and will not

    hesitate to take additional easing steps if needed

    Japan's economy has continued to recover moderately

    Underlying inflation has been improving steadily

    Expect Oil price to make negative contribution to CPI until end of fiscal 2016

    Global financial markets showing signs of uncertainty
    For more information, read our latest forex news.
     

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