BOJ Kuroda Assures Investors on Liquidity Regarding Coronavirus Impact
Posted on 03/02/2020
Bank of Japan Governor Haruhiko Kuroda released a statement to assure investors regarding the Wuhan coronavirus outbreak. The Bank of Japan will provide ample funds to help stabilize markets. The Japanese central bank is expected to purchase more government bonds and exchange-traded funds (ETFs) that hold shares of Japanese companies.
Here is the official statement from Kuroda on March 2, 2020, “Global financial and capital markets have been unstable recently with growing uncertainties about the outlook for economic activity due to the spread of the novel coronavirus.
The Bank of Japan will closely monitor future developments, and will strive to provide ample liquidity and ensure stability in financial markets through appropriate market operations and asset purchases.”