Will ease policy further on three dimensions if necessary – BOJ’s Kuroda

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Bank of Japan (BOJ) Governor Kuroda is now crossing the wires, reiterating that the Japanese economy continues to recover at moderate pace, while noting that the central bank may ease further if needed.

    Key Quotes:

    Japan's economy has continued to recover moderately

    Japan's economy to continue a moderate recovery

    Underlying inflation has been improving steadily

    Expect consumer price inflation to accelerate to 2 pct price target

    Consumer inflation to hit 2 pct in first half of fy2017

    Financial markets are showing signs of uncertainty due to worries about china's economy

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

    Negative interest rate policy is lowering rates

    Expect positive effect of negative rates to spread to economy, prices

    Will closely watch effect of market moves on Japan's economy, prices

    Will ease policy further on three dimensions if necessary
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