BOJ Gov Kuroda says BOJ will maintain ultra-loose monetary policy

Bank of Japan Governor Kuroda

• Japan's economy showing some signs of weakness but picking up as a trend
• Japan's economy likely to recover as impact of COVID-19 Covid-19 Covid-19 or the novel Coronavirus is a pandemic that has yielded wide ranging economic turmoil and volatility across financial markets in 2020. The first cases of Covid-19 were reported in Wuhan, China in late 2019. Since then, the virus has expanded globally, infecting millions worldwide. The virus has been extremely controversial, namely in the United States, which became heavily politicized during the 2020 presidential election. The Covid-19 pandemic is completely unprecedented in modern ti Covid-19 or the novel Coronavirus is a pandemic that has yielded wide ranging economic turmoil and volatility across financial markets in 2020. The first cases of Covid-19 were reported in Wuhan, China in late 2019. Since then, the virus has expanded globally, infecting millions worldwide. The virus has been extremely controversial, namely in the United States, which became heavily politicized during the 2020 presidential election. The Covid-19 pandemic is completely unprecedented in modern ti Read this Term, supply constraints eases
• Japan's core consumer inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term moving around 2%
• Uncertainty regarding japan's economy is very high
• Japan's financial system stable as a whole
• Must be vigilant to impact of financial, currency market moves and their impact on Japan's economy, prices
• BOJ will maintain ultra-loose policy to stably achieve 2% inflation target
• BOJ stands ready to ease policy further without hesitation as needed
• Japan's consumer inflation likely to accelerate pace of increase
• Japan's financial conditions are easing as a whole
• Expects short and long term policy rate targets to remain at current or lower levels

more to come