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Now is time to steadily proceed with QQE with negative rates – BOJ’s Kuroda

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    BOJ Governor Kuroda continues to address the Q & A session, noting the following:

    No crisis in global economy, fundamentals are sound

    Negative impact of next year's expected sales tax hike on Japan's economy is likely half the scale of first tax hike in 2014

    Now is time to scrutinise effect of January monetary easing step on economy

    Now is time to steadily proceed with QQE with negative rates, as impact of this policy is very big

    Desirable for forex rates to move stably reflecting economic fundamentals

    Economic fundamentals don't change so quickly, which means FX rates ought to be moving only gradually if they reflect fundamentals
    For more information, read our latest forex news.
     

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