Regarding the rise in the Nikkei Stock Average to the 30,000 yen level, the Bank of Japan's Governor Kuroda told the Finance and Finance Committee of the House of Representatives that the contents of corporate financial statements are "a little better than previously thought." On the other hand, he said that the downside risk of the economy cannot be ignored, and he said that he would continue to pay close attention to trends in financial markets.
In this, Governor Kuroda commented on the background of the rise in stock prices, saying, "As a basic idea, stock prices are decided in consideration of the future of corporate profits and the future of the economy. Corporate profits are announced one after another in the United States and Japan. It's done, but it's coming out a little better than we've always thought. "
On the other hand, regarding the future, "Some economists say that the progress of vaccination against the new coronavirus in Europe and the United States has raised the possibility of an economic upturn, but I am still cautious. I think that downside risks cannot be ignored for the global economy and the Japanese economy, "he said, and expressed his intention to continue to closely monitor trends in domestic and overseas economies and financial markets and manage monetary policies appropriately.