Free Trial
JGB TECHS

(Z2) Stable at a Lower Level

JGBS

Firmer On Wider Impulse

KRW

Familiar Themes Still Driving Won Gains

US TSYS

Firmer On Tuesday, Midterms On Deck

AUSSIE 10-YEAR TECHS

(Z2) Primary Trend Direction Remains Down

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: BOJ's Kuroda Says Won’t Raise Rates, Watching Yen

(MNI) Tokyo

The weak yen is negative for Japan's economy, BOJ Governor Kuroda says.

Bank of Japan Governor Haruhiko Kuroda said on Thursday that the BOJ will maintain its easing stance to support the economy for the time being and the bank will not raise policy interest rates despite concern over depreciation of the yen, which weakened sharply as monetary policy was left on hold.

But Kuroda told a news conference that yen weakness has a negative effect and that the BOJ is in close contact with the government as it monitors the impact of the exchange rate on economy and prices. (See MNI INSIGHT: Yen At 150 Would Put Pressure On BOJ)

Keep reading...Show less
196 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Bank of Japan Governor Haruhiko Kuroda said on Thursday that the BOJ will maintain its easing stance to support the economy for the time being and the bank will not raise policy interest rates despite concern over depreciation of the yen, which weakened sharply as monetary policy was left on hold.

But Kuroda told a news conference that yen weakness has a negative effect and that the BOJ is in close contact with the government as it monitors the impact of the exchange rate on economy and prices. (See MNI INSIGHT: Yen At 150 Would Put Pressure On BOJ)

Keep reading...Show less