Bank of Japan (BOJ) Governor Kuroda: Discussed fin mkt moves with PM Abe

Author: Eamonn Sheridan | Category: Central Banks

Comments from Bank of Japan (BOJ) Governor Kuroda:

  • Discussed financial market moves with PM Abe
  • Discussed global economic situation with PM Abe
  • Discussed with PM Abe abe thinking behind negative rate policy
  • Says closely watching financial markets including currencies
  • Says no comment on what i discussed with Abe on forex
  • Japan econ, prices moving in line with our scenario
  • Says explained to PM about expected effects of negative rates
  • Says no particular opinion from Abe on monetary policy
  • Says QQE with negative rates bringing down yield curve as a whole
  • Says QQE with negative rates exerting intended effect
  • Now is time to monitor effects of QQE with negative rates

And, from the MOF's Asakawa

  • Need to look at different ways of coordinating policy heading into G20 meeting
  • There are deep-rooted problems behind recent moves in financial markets

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Wishy-washy stuff from Kuroda ... no sign of any 'emergency' BOJ meeting as some commentary has been suggesting. Well, not yet, anyway.

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