Will continue QQE with negative rates and take further easing steps if necessary - BOJ’s Kuroda

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Bank of Japan (BOJ) Governor Mr. H Kuroda is now on the wires via Reuters, as the central banks’ press conference gets underway.

    Key Quotes:

    Japan's economy continues to recover moderately as a trend

    Japan positive econ cycle still in place

    Exports, industrial output to remain sluggish for time being but gradually recover

    Inflation expectations rising from longer-term
    perspective but have recently weakened

    Inflation trend is rising steadily

    CPI growth to hit 2 pct around first half of fiscal 2017

    Need to watch risk of global market instability
    negatively affecting Japan's price trend

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

    Will take further easing steps if necessary

    Policy effects of QQE with negative rates have been seen on interest rates
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