TOKYO--Bank of Japan Gov. Haruhiko Kuroda said Monday the country's financial system remains stable, despite continued high volatility in the Japanese government bond market after the central bank's introduction of aggressive monetary easing measures earlier this month.
"Our country's financial system overall is maintaining stability," Mr. Kuroda said at the opening of a meeting of the central bank's regional branch managers, the first under his leadership.
"Over the past few months, the situation in the financial capital market has been improving as a result of a receded sense of risk aversion among global investors and expectations for policy measures."
Since assuming the post a little less than a month ago, he has sent shock waves through financial markets by launching the most radical monetary easing steps ever taken by Japan's traditionally cautious central bank.
The yen has weakened sharply, while Japan's stock markets have hit the highest level in more than four years. Japan's usually staid government debt market has also become highly volatile, upsetting bond investors.
Mr. Kuroda will be discussing economic and financial conditions with managers of the BOJ's 32 local branches as well as its overseas offices. The BOJ is scheduled to release its quarterly regional economic report at 0530 GMT.
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"Our country's financial system overall is maintaining stability," Mr. Kuroda said at the opening of a meeting of the central bank's regional branch managers, the first under his leadership.
"Over the past few months, the situation in the financial capital market has been improving as a result of a receded sense of risk aversion among global investors and expectations for policy measures."
Since assuming the post a little less than a month ago, he has sent shock waves through financial markets by launching the most radical monetary easing steps ever taken by Japan's traditionally cautious central bank.
The yen has weakened sharply, while Japan's stock markets have hit the highest level in more than four years. Japan's usually staid government debt market has also become highly volatile, upsetting bond investors.
Mr. Kuroda will be discussing economic and financial conditions with managers of the BOJ's 32 local branches as well as its overseas offices. The BOJ is scheduled to release its quarterly regional economic report at 0530 GMT.
nasdaq.com
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