Market news
27.04.2020, 06:57

BOJ governor Kuroda: Japanese economy expected to remain in severe state for some time

  • BOJ will ease further without hesitation if needed

  • Expects impact of the virus outbreak to weaken in 2H 2020

  • Risks are tilted to the downside

  • Once the virus is contained, the economy will start recovering

  • Uncertainty is high with regards to the timing on when the virus outbreak will end

  • There is no change in the BOJ's stance to achieve 2% price target

  • Price momentum has been lost for now

  • Prices are unlikely to meet 2% target during forecast period

  • Expects monetary easing to have synergy with government's fiscal policy

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