BOJ's Kuroda: Cryptocurrencies are mostly used for speculative investing

Author: Eamonn Sheridan | Category: Central Banks

Bank of Japan Governor Kuroda speaking in parliament today 

  • Cryptocurrencies are mostly used for speculative investing
  • Cryptocurrencies should be called crypto assets
  • Cryptocurrencies like bitcoin not seen as currencies
  • Japanese economic fundamentals, company profits are strong
  • Risk off sentiment in the US lead to stock falls
  • Will continue to closely monitor developments in markets
  • Financial market moves can have an impact on the real economy
Well, that was worth waiting for. Not. 

More:
  • Japan's economy needs the BOJ to continue current policy
  • Bank of Japan still a long way from price target
  • Japan economy needs persistent monetary easing 

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