BOJ's Kuroda: State of emergency measures may dampen Japan's economic recovery

Author: Justin Low | Category: Central Banks

Remarks by BOJ governor, Haruhiko Kuroda

Kuroda
  • Japan has been affected by the coronavirus significantly
  • Virus resurgence, state of emergency may weaken economic recovery
  • Most important policy is to avoid unemployment and corporate failures
  • Both fiscal, monetary policies have been successful in preventing that
Some token remarks by Kuroda really. But this reaffirms that they are not going to be moving away from their current policy stance for quite some time - likely only being able to consider doing so after the Fed has made their move (and even then, maybe not).

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