As Bank of Japan chief, Kazuo Ueda will be given the difficult task of maintaining monetary easing for the present while edging toward an "exit strategy."
Western monetary policy and China's economic instability could be tremors of a global recession, while weak export demand would constrain Japan's growth.
Long-term interest rates and the value of the yen spiked in response to the abrupt policy shift by the Bank of Japan. Meanwhile, stock prices plummeted.
Monetary policies will have to be considered as the spread of the novel coronavirus presents “the biggest uncertainty for Japan’s economy,” Bank of Japan (BoJ)...