The Bank of Japan (BoJ) will closely monitor the impact of the coronavirus outbreak on the economy and won’t hesitate to do whatever it takes as a central bank if necessary, BOJ Governor Haruhiko Kuroda said on Wednesday. Additional takeaways “Although financial markets are still nervous, tension has eased.” “Spread of COVID-19 has not subsided globally, and domestic and overseas economies have remained in extremely severe situations.” “Despite extremely high uncertainties, domestic and overseas economies are likely to improve gradually from the second half of this year.” “Pace of improvement in domestic, overseas economies is expected to be only moderate since preventive measures will constrain economic activity while vigilance against COVID-19 continues.” “If strict public health measures are reinstated, economic activity could be constrained significantly again.” “Must be vigilant to risk liquidity problem will shift to a solvency one and affect the financial system.” “Important to continue providing support for financing, maintaining stability in financial markets.” Market reaction The USD/JPY pair edged lower in the last minutes and was last seen losing 0.08% on the day at 105.60. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BoE Preview: Hints about more QE to boost the pound FX Street 2 years The Bank of Japan (BoJ) will closely monitor the impact of the coronavirus outbreak on the economy and won't hesitate to do whatever it takes as a central bank if necessary, BOJ Governor Haruhiko Kuroda said on Wednesday. Additional takeaways "Although financial markets are still nervous, tension has eased." "Spread of COVID-19 has not subsided globally, and domestic and overseas economies have remained in extremely severe situations." "Despite extremely high uncertainties, domestic and overseas economies are likely to improve gradually from the second half of this year." "Pace of improvement in domestic, overseas economies is expected to be only moderate since preventive… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
