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The Bank's Semiannual Report on Currency and Monetary Control

· Haruhiko Kuroda, Governor of the Bank of Japan (Japan)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, financial stability

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· Haruhiko Kuroda Wiki · Bank of Japan WikiThe Bank's Semiannual Report on Currency and Monetary Control

ContextStatement before the House of Representatives' financial affairs committee in Tokyo on the bank's semiannual report; the Bank of Japan pursues price stability and must explain its policy to parliament.

Why it mattersKuroda tells parliament that easing continues despite cost pressures.

Problems raised
  1. Japan's economy faces cost pressures.
  2. Financial institutions' profits are under pressure.
  3. Search for yield raises vulnerabilities.
Solutions proposed
  1. Continue monetary easing.
  2. Monitor financial vulnerabilities.
  3. Report to the Diet.
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