Economics
Kuroda Leads Japan’s Effort to Soothe Market’s Virus Jitters
- BOJ governor vows to maintain market stability via asset buys
- Prime minister likely reluctant to spend big again for now
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Haruhiko Kuroda helped lift Japanese stocks for the first time in six trading days by issuing an emergency Bank of Japan statement following a week of turmoil in markets over the implications of the spreading coronavirus outbreak.
In the release, which came after the Federal Reserve hinted at possible rate cuts in an unscheduled statement on Friday, Kuroda said the BOJ “will strive to provide ample liquidity and ensure stability in financial markets through appropriate market operations and asset purchases.”