BoJ Kuroda Not Concerned with Japanese Stock Market Volatility

Bank of Japan Governor Haruhiko Kuroda indicated Tuesday he does not believe the recent volatility in the Tokyo stock market has been triggered by concern over Japan’s economy, according to economic and fiscal policy minister Akira Amari.

“The stock market has been seemingly unstable, but no data have shown that the economic situation both at home and abroad has changed,” Amari quoted Kuroda as saying during a meeting of the Council on Economic and Fiscal Policy.

Amari, at a news conference after the meeting of the government panel, also quoted Kuroda as saying, “Japan’s economy is on a steady path to recovery…the BOJ will support it by implementing quantitative and qualitative monetary easing in a steady manner.”

Financial markets have become volatile as the BOJ’s aggressive monetary easing has caused a massive inflow of funds into the global markets, some analysts said. On Tuesday, the 225-issue Nikkei Stock Average closed up 169.33 points, or 1.20 percent, from Monday at 14,311.98, after swinging more than 450 points. The index plummeted about 1,140 points last Thursday.

At the panel meeting, Prime Minister Shinzo Abe pledged to clarify his government’s policy of simultaneously pursuing economic revitalization and fiscal consolidation in its medium- to long-term economic and fiscal policy blueprints, scheduled to be released in June.

via Mainichi

Get OANDA’s exclusive weekly Market Pulse FX

HTMLText

Email Address:

Preferred Format:

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

View the original article: http://forexblog.oanda.com/20130529/boj-kuroda-not-concerned-with-japanese-stock-market-volatility/



A quick look on #UCO website will produce a ton of fresh #MLM ideas to help you get more money. Go to http://www.uconnective.com

To Signup you must have a #UCO coin, you can #BUY it with only $3 from ClickAlert or Send e-mail at clickalert@ymail.com or Call/SMS to +1 (202) 599-1808 and start earning $51 per day!