Now is time to monitor effects of QQE with negative rates – BOJ’s Kuroda

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    BOJ’s Governor Kuroda is crossing the wires via Reuters, noting that he discussed global economic situation with Japan PM Abe and explained the reason behind the adoption negative interest rates policy.
    In the last hour, Nikkei reported that Governor Kuroda had entered PM Abe’s office for a meeting.

    Key Quotes:

    Discussed financial market moves with PM Abe

    Discussed global economic situation with PM Abe

    Discussed with PM Abe thinking behind negative rate policy

    Closely watching financial markets including currencies

    No comment on what I discussed with Abe on forex

    Japan econ, prices moving in line with our scenario

    Explained to PM about expected effects of negative rates

    No particular opinion from Abe on monetary policy

    QQE with negative rates bringing down yield curve as a whole

    QQE with negative rates exerting intended effect

    Now is time to monitor effects of QQE with negative rates
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