The Bank of Japan (BOJ) “won't hesitate to take additional easing steps with an eye on the impact of the pandemic,” the central bank Governor Haruhiko Kuroda reiterated in a speech on Monday.
Additional quotes
“Japan's economy remains in a severe state but picking up as a trend.”
“Japan's economy likely to recover as the pandemic's impact gradually subsides.”
“Japan's financial system remains stable as a whole.”
“BOJ's focus will be to respond to the impact of the pandemic on the economy for the time being.”
“Core consumer inflation hovering around zero.”
“Core consumer inflation likely to gradually accelerate.”
USD/JPY drops towards 111.00
USD/JPY has stalled its retreat towards 111.00, as the US dollar recovers post-NFP losses despite a mixed market mood.
The spot was last seen trading at 111.09, modestly flat on the day.