BOJ’s Kuroda: Not thinking of further easing at present
|More comments flowing in from the BOJ Governor Kuroda, as he downplays expectations of further monetary policy easing at present.
Would be necessary and possible to ease policy further if risks grow that momentum towards 2% inflation is lost.
Not at stage to consider timing and method of exit from monetary stimulus.
Monetary policy not targeting currencies.
Currencies won't necessarily move in tandem with monetary policy.
Desirable for currencies to move in line with fundamentals.
Can't say for sure that yen has weakened because of BOJ easing.
China's economy unlikely to fall into recession.
Global demand will recover ahead although timing to be delayed.
Private consumption somewhat weakening, warrants attention.
We still view that the Japanese economy will gradually recover as a whole.
USD/JPY trades listless around 109.50, awaiting fresh trading impetus from the session ahead. US-China trade uncertainty combined with risk-off action in the equities keep the JPY bulls in charge.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.