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- BOJ’s Kuroda: No need to change forward guidance at present
BOJ’s Kuroda: No need to change forward guidance at present
Bank of Japan (BOJ) Governor Harihuko Kuroda continues to speak at the press conference that follows the bank’s monetary policy meeting.
Key quotes
Economy, economic outlook still needs vigilance over coronavirus pandemic.
Won't rule out possibility of altering forward guidance in future.
No need to change forward guidance at present.
Negative rates are not having big negative impact on financial institutions.
Kept existing forward guidance unchanged as pandemic’s impact is still in place, must be vigilant going forward as downside risk to economy.
No need to abolish negative interest rate just to follow overseas central banks responding to higher inflation rates.
Don't see need to lower Japan economic growth outlook from Fed rate hike.
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