Currency Analyst since 2010

BOJ Kuroda: press conference

The Bank of Japan increased lending programs and said it will continue monetary easing. Here’s what the regulator’s governor Kuroda added at the press conference:

  • Japanese economy is on track and moving in line with the BOJ forecast
  • US economic recovery will help the emerging market economies in long term
  • GDP data confirmed that Japanese economy is sustaining positive momentum
  • Expansion of loan facilities is aimed at enhancing transmission mechanism of QE
  • The BOJ isn’t worried by deficit in Japan’s current account balance – it will improve gradually with the improvement in exports
  • Consumption likely to stay firm as employment and income conditions improve

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