Kuroda of the Bank of Japan: It's critical to support economic activity through aggressive monetary easing.

On Monday, the Bank of Japan (BOJ)’s Governor, Haruhiko Kuroda, stated that, "In recent times, we have spotted excessive foreign exchange (FX) movements. They were not favourable and restated that they were not focusing on the Forex (FX) market, acco

May 16, 2022 - 01:01 PM 259 views

Kuroda of the Bank of Japan: It's critical to support economic activity through aggressive monetary easing.

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© Kuroda of the Bank of Japan: It's critical to support economic activity through aggressive monetary easing.

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On Monday, the Bank of Japan (BOJ)’s Governor, Haruhiko Kuroda, stated that, "In recent times, we have spotted excessive foreign exchange (FX) movements. They were not favourable and restated that they were not focusing on the Forex (FX) market, according to Reuters.

Kuroda added that "It’s vital to strengthen economic and financial growth with powerful monetary policies." It will take some time for sustainable and stable inflation to take place in Japan.

The Market Reaction

The USD/JPY currency pair has paid no immediate attention to the above comments and when last seen, the pair was trading at 128.90 points and fell below 0.23% on a daily basis.

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