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  • Pre Session Commentary - Detailed News

Economic Buzz: BoJ Carefully Monitoring Heightened Global Uncertainties, Says Kuroda
23-Jul-19   09:37 Hrs IST
The Bank of Japan is carefully monitoring heightened uncertainties regarding the global economy as some nervousness has been seen in global financial markets, Governor Haruhiko Kuroda said Tuesday. He said Japan's economy is no longer in deflation as the central bank continued its powerful monetary easing. The positive annual CPI inflation has taken hold, and the economy is no longer in deflation in the sense of a sustained decline in prices, Kuroda added. Inflation is in the range of 0.5-1.0 percent. The banker reiterated that the BoJ will persistently continue with easing in order to maintain the momentum toward achieving 2 percent inflation target. However, Kuroda said it is not easy to continue with such powerful quantitative and qualitative monetary easing for a long time. Further, he said the bank adopted yield curve control.

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