International factors to blame for Tokyo's stock-price plunge: BOJ
But central bank chief remains upbeat about Japan's overall economic outlook
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Tokyo
AFTER Tokyo stock prices suffered their biggest daily drop in five months yesterday, Bank of Japan (BOJ) officials blamed the 3 per cent plunge on international factors in the Middle East and Europe, and insisted that the central bank was standing its ground on its basically upbeat view of the country's short to medium-term economic prospects.
BOJ governor Haruhiko Kuroda, speaking at a briefing after the bank's Policy Board decided to leave its monetary policy unchanged, noted that geopolitical risks "have been heightening somewhat", and said that the BOJ would monitor the market's movements, though "at this stage, (these risks) have not led us to alter our forecasts in a major way".
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
