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Bank of Japan governor Kuroda has said that global markets are making very unstable movements. 

Key notes

  • Will continue to watch impact of coronavirus outbreak on japan’s economy, prices, particularly via market moves.
  • Ready to take appropriate action as needed without hesitation.
  • Coronavirus outbreak already affecting japan’s economy via plunge in inbound tourism, fall in department store sales.
  • Must be mindful of risk impact of coronavirus outbreak on Japan’s economy could become big.