Further comments by BOJ governor, Haruhiko Kuroda
- Appropriate to guide policy with easing bias
- Negative rates policy is appropriate
- Downside risks are significant for the Japanese economy
- Overall risks remain high abroad despite some green shoots
- We will continue to closely watch developments of US-China trade talks
- Need to remain cautious about global economy overall
He is largely sticking to the same message that the BOJ has adopted over the better half of this year - with the easing bias remark being their central stance at the moment.
I reckon he can take comfort in the fact that US-China trade talks have made some progress - albeit symbolic - but it is better than having the yen strengthen due to a breakdown in trade negotiations, which would've given the BOJ a massive headache to deal with.
