Japanese Economy to Witness Moderate Expansion: BOJ Gov Kuroda
Arslan Butt•Monday, July 8, 2019•1 min read
On Monday, Bank of Japan’s governor Haruhiko Kuroda expressed confidence that the Japanese economy could witness a moderate expansion and help inflation climb higher towards the 2% target.
Kuroda made these remarks while addressing the central bank’s regional branch managers during their quarterly meeting. Japan’s economy has been reeling under the US-China trade tensions lately as it is an export-oriented economy and China is one of its leading trade partners. As manufacturing in China declines, Japan’s export orders have witnessed a fall in recent times.
At the start of a new trading week, USD/JPY is trading at around 108.43, strengthened by the US dollar climbing higher on the back of Friday’s NFP release.
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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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