BOJ Governor Kuroda stressed, "needed necessary measures at present", March 16, 18:29
At a press conference, BOJ governor Kuroda will show an international coordination framework for the early decision to hold a monetary policy meeting and decide on additional monetary easing, and urgently decide to support corporate financing near the end of the fiscal year He explained that it was necessary and emphasized that "we have taken the necessary action at this time."
The Bank of Japan's Governor Kuroda said at an interview that the meeting was held ahead of schedule, saying, `` We needed to make urgent decisions on necessary measures to ensure the smoothness of corporate finance and the stability of the financial markets ahead of the end of the fiscal year. We also did so within the framework of cooperation among the major nations. "Following the United States' urgent cut in interest rates, he stated that there was an aim to clarify the world's cooperative attitude.
He pointed out that the current state of the economy is declining domestic exports due to sluggish exports by Japanese companies and self-restraining events, and that the spread of infection has spread throughout the world. Growth is likely to continue, and it is unlikely that a V-shaped recovery will occur. "
He emphasized on the additional monetary easing that was decided on the 16th, "We have taken the necessary and sufficient steps at this time," and stated that we will implement additional monetary easing without hesitation if necessary.
On the other hand, a reporter asked if the stock price had fallen sharply in the Tokyo market and had no effect despite the decision of additional monetary easing. I think monetary policy can have a certain effect in terms of calming it, and I don't think we need to be pessimistic. "