Kuroda: BoJ is determined to act if necessary

Thursday, 19. September 2019 08:42

The governor of the Bank of Japan stuck on Thursday to his stance that policymakers would support without hesitation the return of inflation higher to target if it is needed. Speaking to reporters, Haruhiko Kuroda said the trend of moderate economic growth continues and claimed "the virtuous cycle" has been maintained in the corporate sector and households. In his view, capital investment and private spending are "still solid."

On the other hand, external risks have strengthened, the top rate-setter estimated and highlighted the danger of losing momentum in the path toward price stability. Mirroring today's update from the central bank, he added its position would be reviewed at the meeting next month, which market participants could interpret as a bias toward boosting stimulus.

More to come...

Related Links: 
Breaking the News / IT