BOJ Deputy Governor’s Remarks on Weakening Japanese Economy - Forex News by FX Leaders
Bank of Japan (BOJ)

BOJ Deputy Governor’s Remarks on Weakening Japanese Economy

Posted Thursday, June 27, 2019 by
Arslan Butt • 1 min read

The Bank of Japan’s Deputy Governor Masazumi Wakatabe has expressed his support for the country’s ultra-loose monetary policy on account of the ongoing trade war between US and China. The export-oriented economy of Japan has been considerably weakening as a result of the trade dispute between the two world leaders.

Quantitative easing and negative interest rates, which were used to counter the effects of the 2008 global financial crisis could also be explored to fight any impending, possible economic downturn.

While speaking with business leaders in Aomori, Wakatabe remarked, “We need to pay increased attention to heightening risks to the BOJ’s scenario.” Continued escalation of trade tensions between US and China could not only impact global economic growth because of higher tariffs, but could also reduce decrease domestic demand in economies around the world.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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