Japanese Economy to Witness Moderate Expansion: BOJ Gov Kuroda - Forex News by FX Leaders

Japanese Economy to Witness Moderate Expansion: BOJ Gov Kuroda

Posted Monday, July 8, 2019 by
Arslan Butt • 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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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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