The Bank of Japan (BoJ) Governor Haruhiko Kuroda, in the post-policy meeting press conference, was noted saying that today’s move was made out of coordination among other countries’ central banks as uncertainty remains high.
Additional quotes:
- Coronavirus impact on the Japanese economy will last for the time being.
- The Japanese economy to return to moderate growth ahead.
- Closely watching developments at home and overseas.
- Doubled ETF purchases to avoid risk aversion among investors.
- It is possible to deepen negative interest rates further.
- We can boost JGB purchases further.
- The current situation is different from Lehman shock.
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