Omicron causes high uncertainty - BoJ's Kuroda

Haruhiko Kuroda, Bank of Japan (BoJ) Governor

© APA | Haruhiko Kuroda, Bank of Japan (BoJ) Governor

# 17 December 2021 12:52 (UTC +04:00)

Bank of Japan (BoJ) Governor Haruhiko Kuroda said on Friday that the emergence of the Omicron coronavirus variant led to more economic uncertainty, APA reports citing Teletrader.

Monetary policy stances other central banks adopt will not affect actions the BoJ will take and it is not certain if their moves would result in a weak yen, he told reporters at a press conference following the latest interest rate decision by the BoJ. Kuroda insisted that a weak yen would be good for the Japanese economy as it would provide support to exports and corporate profits.

Japan's central bank will maintain its loose monetary policy to achieve its price stability goal of 2%, and will not hesitate to ease it further if it becomes necessary, Kuroda added.