Kuroda: Boj Ready To Provide 'ample Liquidity'
The Bank of Japan Governor has released a statement to try and calm investor worries amid the coronavirus outbreak. Haruhiko Kuroda said the bank will provide ample funds to stabilize markets.
The BOJ released the statement Monday after shares in Tokyo tumbled at the opening of the session.
It says the central bank will closely monitor future developments, strive to provide ample liquidity and ensure stability in financial markets through appropriate market operations and asset purchases.
The BOJ is expected to purchase more government bonds and Exchange-Traded Funds that hold shares of private-sector companies. It is rare for the central bank to release a statement concerning market turmoil.
