Market Updates: BOJ Gov Kuroda Speech, Key Takeaways
The Bank of Japan board members acknowledged that continued downward pressure on financial institutions profits could cause the risk of a...
Arslan Butt•Wednesday, December 26, 2018•1 min read
Key Takeaways from BOJ Gov Kuroda’s Speech
- The Bank of Japan board members acknowledged that continued downward pressure on financial institutions’ profits could cause the risk of a progressive pullback in financial intermediation and destabilize the financial system.
- The BOJ requires to give attention to progress in their situation.
- The BOJ doesn’t see any imminent need of adjusting the easy policy to alleviate the side-effects of that policy.
- The BOJ pledged to continue its current easy policy “for an extended period of time,” taking into account uncertainties regarding economic activity and prices.
Forecasts
- The inflation rate in fiscal 2019 reduced to 1.4% from the 1.5% seen in July and the median inflation rate in fiscal 2020 was also lowered to 1.5% from 1.6% previously.
- The central bank lowered the medium-term inflation outlook for the prevailing fiscal year to 0.9% from 1.1% outlined in July.
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ABOUT THE AUTHOR
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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