Blogs

Kuroda commenting a little about the yen exchange rate – Does not think the yen is posing problems for the Japanese economy – Does not think risks are high for a strong yen See here for global coronavirus case data

Further remarks by Kuroda – BOJ will take additional easing steps if necessary – Will keep long-term JGB target around 0% even when virus outbreak is over See here for global coronavirus case data

A slight shift in the view by the BOJ – JGBs will be purchased without limited to maintain YCC – JGB purchases above ¥80 trillion is possible – Prices are unlikely to meet 2% target during forecast period See here for global coronavirus case data

BOJ governor Haruhiko Kuroda begins his press conference – BOJ will ease further without hesitation if needed – Expects impact of the virus outbreak to weaken in 2H 2020 See here for global coronavirus case data

The Bank of Japan April 2020 monetary policy statement post is here:  Its not too far from expectations, further easing, downgraded their outlook (the links to the full statement and the outlook report are at that post above). 

The shortened Bank of Japan monetary policy meeting for April 2020 has concluded.  – Maintains policy rate at -0.1% – maintains JGB yield target around 0%

People's Bank of China Governor Yi Gang in a piece he wrote in March, republished over the weekend. Originally written for the Economic Research Journal in its March issue, re-published Sunday on the WeChat account of ChinaForex magazine, run by the country's FX regulator (China's State Administration of Foreign Exchange (SA

The Bank of Japan meeting was shortened from two day to only one, and even further to only 3 hours. More accurately, around 3 hours as there have been no firm finishing time announced. Its expected to finish and the Statement released at noon Tokyo time (0300GMT) ro very soon after.

People's Bank of China  Skips OMOs today     See here for global coronavirus case data

The global response to the coronavirus outbreak has been, while without overt coordination nevertheless coordinated.  – G10 policy rates – and the expectations ahead for those policy rates  have converged towards zero or below (and with QE thrown in)