Japan's finance minister Aso: It's very important that government, BoJ looking at the same direction in guiding policy

Market news

22 May 2020

Japan's finance minister Aso: It's very important that government, BoJ looking at the same direction in guiding policy

It won't be enough for Japan to contain the virus, other nations must do so too
Otherwise, exports and inbound tourism may struggle to recover
Japan stocks, dollar/yen have been stable, which is a sign that the government and BoJ efforts are having some effect in stabilizing markets
Our plan to compile huge extra budget underscores our concern that Japan’s economy is in very severe state
By holding a meeting with BoJ and government, we aimed to convey to the world govt, BOJ working as one to combat virus fallout

BoE announces discontinue of 3-month Contingent Term Repo Facility (CTRF) operations at end of May 2020 in light of more stable funding market conditions

BoJ's governor Kuroda and Japan's finance minister Aso: Committed to making every effort to facilitate corporate financing, maintain market stability - joint statement

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