Free Trial

MNI BRIEF: BOJ's Kuroda To Act If Sharp Downturn Materialises

(MNI) Tokyo
MNI (Osaka)

Bank of Japan Governor Haruhiko Kuroda said on Monday that the BOJ will undertake additional easing if downside risks to the economy materialise without elaborating on possible policy responses.

“The risk of global economic deceleration is strengthening. If the global economy worsens sharply, Japan’s economy will be hit by it. We will take additional easy policy if such a risk materialises,” Kuroda told business leaders in a question and answer session.

Kuroda also said rapid movements of foreign exchange rates are undesirable as it creates uncertainty for businesses.

He added that the BOJ continues to carefully monitor currency market developments and their impact on economy and prices.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

To read the full story

Close

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.