Bank of Japan Governor Kuroda talking again – global, Japan, economies showing signs of bottoming out

Kuroda speech, sticking to his script and not adding anything new or surprising.

  • global economy showing
    signs of hitting bottom, Japan’s economy showing similar signs
  • impact of covid-19 on Japan’s economy to persist for prolonged period
  • Japan’s economy to
    experience clear, positive growth in fiscal 2021
  • risks to Japan’s economy,
    prices skew to downside
  • BOJ will take additional
    easing steps without hesitation if needed
  • says YCC exerting intended
    effect on economy
  • BOJ must stem any sharp rise in interest rates, have made tools
    available to do so in March review
  • BOJ must keep entire yield curve
    stably low while impact of pandemic continues
  • says steps taken at March review allow boj
    to promote powerful monetary easing even further
  • while it is taking time, it’s
    possible to achieve BOJ’s 2% inflation target by maintaining easy
    policy

This one …. 

 it’s possible to achieve BOJ’s 2% inflation target 

It is also possible I will have a dinner date with Gigi Hadid, and it may take time. But don’t go basing any trades on that, K?  

Invest in yourself. See our forex education hub. Source

Leave a Reply

Your email address will not be published. Required fields are marked *