Now is time to steadily proceed with QQE with negative rates – BOJ’s Kuroda

BOJ Governor Kuroda continues to address the Q & A session, noting the following:

No crisis in global economy, fundamentals are sound

Negative impact of next year’s expected sales tax hike on Japan’s economy is likely half the scale of first tax hike in 2014

Now is time to scrutinise effect of January monetary easing step on economy

Now is time to steadily proceed with QQE with negative rates, as impact of this policy is very big

Desirable for forex rates to move stably reflecting economic fundamentals

Economic fundamentals don’t change so quickly, which means FX rates ought to be moving only gradually if they reflect fundamentals

BOJ Governor Kuroda continues to address the Q & A session, noting the following:

(Market News Provided by FXstreet)