Kuroda: Won’t hesitate to add easing if needed

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The Bank of Japan’s Kuroda said that they won’t hesitate to add easing if needed.

Key comments

Will continue to take appropriate policy.

Will mull further extension of virus program if needed.

Japan’s economy is picking up as a trend.

Expect economic improvement to be only moderate.

Risks are on the downside for the economy, prices.

Introduction to negative rates did help to lower the yield curve. 

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