BOJ Governor Kuroda: may cut interest rates again

19 Nov 2019 10:29 AM


BOJ Governor Kuroda testified before the parliament that the Japanese economy is expanding at a moderate pace as its direction. His most prominent statements were as follows:
The Japanese economy maintains its momentum to support the high inflation rates.
• The Bank of Japan believes that it is necessary to continue the expansionary monetary policy as long as possible.
• The risks facing developed economies must be taken into account.
• Japan does not need a digital currency at the moment.
• The Bank of Japan will continue to study cryptocurrencies.
There is no intention to issue a cryptocurrency linked to the yen.
• I have no prior idea of ​​the next political move
• The ETF program remains an important part of the Bank of Japan's monetary policy.
• The Bank has many unlimited instruments to ease its monetary policy.
• It is possible to cut interest rates again below -0.10%.

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