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Amid fresh market unrest, BOJ says it's set to ease further

Premier Abe pledges government's support for the move as global stock and currency markets dive

Published Mon, Jan 4, 2016 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Tokyo

    IN what has been seen as a move to brace Japan against impending market shocks from China or elsewhere, the country's central bank governor Haruhiko Kuroda declared on Monday that the Bank of Japan (BOJ) would "do whatever it takes" to prevent a return of deflation - and Prime Minister Shinzo Abe has pledged his government's support for this strategy.

    Their comments came as China's stock market suffered a circuit breaker-triggering 7 per cent drop in prices, which triggered a plunge in Tokyo stock prices to their lowest level in 21/2 months; sharp falls also hit other Asian stock and currency markets.

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