BOJ's Kuroda: Price stability is key to market trust in yen

FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda attends the Paris Europlace International Financial Forum in Tokyo, Japan, November 19, 2018. REUTERS/Toru Hanai/File Photo

TOKYO - Bank of Japan Governor Haruhiko Kuroda said on Thursday the biggest factor defining market trust in the yen is investors’ confidence that the central bank is committed to achieve price stability. “Currency rates move on various factors, so it’s hard to judge market trust in the yen by looking at exchange-rate fluctuations alone,” Kuroda told parliament.

“Confidence in the central bank’s policy is a big factor behind market trust in the country’s currency,” he said.

Not much stability in BTC, but we TRUST it because it is not Gov money, printed out of thin air infinitely. Each new unit of debit adding interest to the national debt etc... Enough said!

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