7 Mar 2016
Now is time to steadily proceed with QQE with negative rates – BOJ’s Kuroda
BOJ Governor Kuroda continues to address the Q & A session, noting the following:
No crisis in global economy, fundamentals are sound
Negative impact of next year's expected sales tax hike on Japan's economy is likely half the scale of first tax hike in 2014
Now is time to scrutinise effect of January monetary easing step on economy
Now is time to steadily proceed with QQE with negative rates, as impact of this policy is very big
Desirable for forex rates to move stably reflecting economic fundamentals
Economic fundamentals don't change so quickly, which means FX rates ought to be moving only gradually if they reflect fundamentals
No crisis in global economy, fundamentals are sound
Negative impact of next year's expected sales tax hike on Japan's economy is likely half the scale of first tax hike in 2014
Now is time to scrutinise effect of January monetary easing step on economy
Now is time to steadily proceed with QQE with negative rates, as impact of this policy is very big
Desirable for forex rates to move stably reflecting economic fundamentals
Economic fundamentals don't change so quickly, which means FX rates ought to be moving only gradually if they reflect fundamentals