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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: BOJ Kuroda: Economy To Recover From Weakness
Bank of Japan Governor Haruhiko Kuroda said on Wednesday that Japan's economy is expected to show weakness due to the higher rate of infections and slow vaccine rollout but will move toward a recovery, supported by solid overseas demand, accommodative financial conditions and the government's stimulus measures.
Kuroda told business leaders in Tokyo that in-person services and travelling will recover if the vaccine rollout expands. The BOJ considers that the economy will not fall into deflation again but the bank must keep a close eye on price moves, including firms' price-setting behaviour, amid the downside risks, he added.
Kuroda also said that the BOJ will not change the 2% price target, which is aligned with the target of major central banks and which helps stabilise international financial markets, including foreign exchange markets.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.