BoJ ready to take steps to maintain market stability - board member

Thursday, 03. December 2020 05:12

Bank of Japan board member Hitoshi Suzuki in his speech said the central bank is prepared to take steps to maintain stability in markets and achieve smooth market functioning.

He underscored the necessity of ensuring a flexible and sustainable framework for adjusting monetary policy to make credit more easily available, through easing.

Suzuki went on to say in the event the coronavirus pandemic's impact on the economy is bigger than expected, financial system stability could be affected, which would subsequently further weigh on the economy.

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Breaking the News / NL