BOJ's Kuroda says market moves 'very unstable'

FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda speaks at a news conference in Tokyo, Japan, January 21, 2020. REUTERS/Kim Kyung-Hoon/File Photo

TOKYO - Bank of Japan Governor Haruhiko Kuroda said on Tuesday global financial markets were “very unstable” and the economic impact of the coronavirus outbreak could turn out to be big. Kuroda also told parliament that the central bank had bought a cumulative 2.04 trillion yen worth of exchange-traded funds since October last year.

Under a policy dubbed yield curve control, the BOJ guides short-term interest rates at -0.1% and the 10-year government bond yield around 0%. It also buys risky assets such as ETFs as part of its massive stimulus program.

Where are free markets and capitalism? The risks are artificial manipulation of markets. It is pumping gasoline into financial systems that are on fire.

Blame The Grump in Palm Beach, FL CHEATING golf & FAKING that he’s the president.

Breaking The Moscow Stock Exchange falls more than 10% in the context of the collapse of crude oil and the collapse of world markets La Bolsa de Moscú cae más del 10% en el contexto del desplome del crudo y el hundimiento de mercados mundiales

What

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Fear is now pervasive,' oil expert Dan Yergin says amid market routThe world is in a period of 'true turmoil,' with financial markets and economies in crisis while a novel coronavirus continues to spread rapidly, oil guru Dan Yergin told CNBC this week. It’s happening — like we’ve never SEEN before How much more irrelevant must oil get before we get serious payback for the Saudis funding and orchestrating the 9/11 attacks? oilprice oilwar OilCrash Gas prices fall works get a pay raise
Source: CNBC - 🏆 12. / 72 Read more »

Oil market is facing a 'triple whammy' of pressures, oil expert Dan Yergin says'You have oil, you have geopolitics, and you have the virus,' oil expert Dan Yergin told CNBC. Can’t wait for a $1.00 gallon gas. Maybe if Trump hadn’t pushed coal so hard and instead pushed natural gas and oil, we would be in a better place both financially and the environmentally Screw off with the negativity!!!!
Source: CNBC - 🏆 12. / 72 Read more »