Kuroda’s Easing in Japan Seen Adding to Pressure on Korea’s Lee
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The Bank of Japan’s surprise decision to ease monetary policy further may increase pressure on South Korea’s central bank to cut its benchmark interest rate again.
The yen’s tumble after BOJ Governor Haruhiko Kuroda boosted unprecedented stimulus yesterday will help make some Japanese products cheaper in export markets. That adds to competitive pressure for South Korea that could prompt action from Bank of Korea Governor Lee Ju Yeol, say economists.