{"id":112965,"date":"2021-02-16T03:16:08","date_gmt":"2021-02-16T03:16:08","guid":{"rendered":"https:\/\/precoinnews.com\/?p=112965"},"modified":"2021-02-16T03:16:08","modified_gmt":"2021-02-16T03:16:08","slug":"bojs-kuroda-says-stock-boom-reflects-economic-optimism-defends-etf-scheme","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/bojs-kuroda-says-stock-boom-reflects-economic-optimism-defends-etf-scheme\/","title":{"rendered":"BOJ's Kuroda says stock boom reflects economic optimism, defends ETF scheme"},"content":{"rendered":"
FILE PHOTO: Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan June 20, 2019. REUTERS\/Kim Kyung-Hoon<\/figcaption>

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Tuesday the recent stock price rally reflected market optimism over the global economic outlook, brushing aside views its ultra-loose monetary policy was fuelling an asset price bubble.<\/p>\n

Kuroda said the central bank would be vigilant for financial risks associated with prolonged easing, nodding to growing concern among some lawmakers that prolonged easing was sowing the seeds of a bubble.<\/p>\n

But he stressed that it was premature to debate an exit from super-loose policy including the BOJ\u2019s huge purchases and holdings of exchange-traded funds (ETF), as the coronavirus pandemic continues to ravage the economy.<\/p>\n

\u201cIt\u2019s likely to take significant time to achieve our price (inflation) target. As such, now is not the time to think about an exit including from our ETF buying,\u201d Kuroda told parliament.<\/p>\n

The BOJ has unveiled a plan to review its policy tools, including its ETF-buying programme, in March to make it more sustainable as the pandemic forces it to maintain its stimulus for a prolonged period.<\/p>\n

The plan reflects a growing concern among policymakers over the rising cost of extended easing. Some analysts also criticize the BOJ for continuing its huge ETF buying at a time Tokyo stock prices have set new highs.<\/p>\n

Kuroda said it was hard to predict whether stock markets were in a bubble.<\/p>\n

\u201cOptimism over the global economic outlook and steady vaccine rollouts may be behind the recent surge in stock prices,\u201d Kuroda said.<\/p>\n

\u201cBut the global outlook remains highly uncertain,\u201d he said, adding that risks to Japan\u2019s economy remained skewed to the downside.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FILE PHOTO: Bank of Japan (BOJ) Governor<\/p>\n","protected":false},"author":3,"featured_media":112964,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nBOJ's Kuroda says stock boom reflects economic optimism, defends ETF scheme - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/bojs-kuroda-says-stock-boom-reflects-economic-optimism-defends-etf-scheme\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BOJ's Kuroda says stock boom reflects economic optimism, defends ETF scheme - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: Bank of Japan (BOJ) Governor\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/bojs-kuroda-says-stock-boom-reflects-economic-optimism-defends-etf-scheme\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-16T03:16:08+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/02\/cnewsfotor2-7.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/bojs-kuroda-says-stock-boom-reflects-economic-optimism-defends-etf-scheme\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/bojs-kuroda-says-stock-boom-reflects-economic-optimism-defends-etf-scheme\/\",\"name\":\"BOJ's Kuroda says stock boom reflects economic optimism, defends ETF scheme - 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