FXStreet (Mumbai) – Bank of Japan’s (BoJ) Governor Haruhiko Kuroda told the audience at the seminar hosted by BoJ’s Institute for Monetary and Economic Studies on Thursday, central bankers have to show courage when facing unprecedented challenges and they have to be prepared for possible global spillovers of potentially diverging policies in the US, Japan and the euro zone.
Key Quotes:
“I trust that many of you are familiar with the story of Peter Pan, in which it says, ‘the moment you doubt whether you can fly, you cease forever to be able to do it,”
“Yes, what we need is a positive attitude and conviction,”
“Each time central banks have been confronted with a wide range of problems, they have overcome the problems by conceiving new solutions,”
“I am sure that we all can share a conviction backed by our collective experience and wisdom.”
“In emerging economies, monetary authorities have paid more attention to developments in foreign exchange rates and international capital flows,”
“In addressing these international spillovers, how to use monetary policy, macro-prudential policy, and capital flow management policy in combination has come to be a crucial issue, particularly for countries that have financial system vulnerability.”
(Market News Provided by FXstreet)