State of economy severe, but improving – BoJ’s Kuroda

Bank of Japan (BoJ) Governor Haruhiko Kuroda (pictured) said on Friday that the state of the country’s economy was “severe,” but that it is showing signs of improving.

Speaking at a press conference following the BoJ’s latest monetary policy decisions, he noted that deepening the already negative rates is not “impossible.”

In addition, he stressed that the Exchange Traded Fund (ETF) purchases the bank has been conducting have not hurt the Japanese stock market, noting that the BoJ’s intensified action on the matter last year had yielded very positive results.

Breaking the News / MS