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

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