Global Market Turmoil Has Not Seriously Affected Japanese Corporate Activities

On Friday, Kuroda Higashihiko, the governor of the Bank of Japan, said that the recent global market turmoil had not seriously affected Japanese business activities, but if turbulence persisted or affected the real economy.

Kuroda Higashihiko said that more stimulus would be launched if needed.

Earlier, Japanese media said the Bank of Japan was "seriously considering" the expansion of easing measures to promote Japanese stocks soared 6% on Friday.

Kuroda Higashihiko, governor of the Bank of Japan, interviewed Bloomberg News in Davos.

He said he did not believe that the recent global market turmoil had obviously affected the activities of Japanese enterprises.

He cautioned, however, that the market is the market, and that the market may eventually affect the real economy, so the Bank of Japan will closely observe.

Kuroda Higashihiko said that excluding the impact of oil prices, Japan's current inflation is at the level of 1%~1.5%.

When energy prices have fallen, inflation expectations are slightly affected, but generally stable.

Kuroda Higashihiko said he did not think China's economy would be hard landing.

On the contrary, he is relatively optimistic about the future of the global economy and believes that there will be no such crisis as Lehman brothers went bankrupt.

However, the future situation needs further observation.

Kuroda Higashihiko said that if the market turmoil continues, it is doomed to affect.

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Kuroda Higashihiko said that if the future needs, more stimulus will be launched.

The Bank of Japan has many measures to enhance the intensity of the stimulus plan.

At present, Japan is facing a series of challenges.

Japanese enterprises and consumers

The pressure on the Bank of Japan to take further stimulus measures increased as the decline, wage rises were suppressed, stocks surged, yen strengthened and oil prices plummeted.

At present, the market is expected to heat up the action taken by the Bank of Japan on the 28~29 January policy meeting.

Since the beginning of the new year,

At the same time, the Japanese stock market continued to sell, and the stock index dropped more than 20% from the recent high point, and entered the technical bear market.

On Friday, Japanese economic news said the Bank of Japan was "seriously considering" to expand its monetary easing measures, which made it difficult for the central bank to achieve its 2% inflation target because of falling oil prices.

The news prompted the Japanese stock market to soared 6% on that day, creating the largest single day gain in four months.

If the Bank of Japan did not launch stimulus at the January meeting, there would be a cost.

It is expected that this will disappoint investors or trigger a new round of stock market sell-off.

In the next few days, Japan will publish several important economic data, including industrial output report and enterprise output plan report.

These economic data or decisions that affect the January meeting of the Bank of Japan.

Since 2014, Kuroda Higashihiko, governor of the Bank of Japan, has refused to further expand the asset purchase plan.

He believes that the recent CPI growth is mainly due to the decline in oil prices, which is external factors, not because of the influence of the Bank of Japan policy.

The time to achieve 2% inflation target will be changed because of the trend of oil price. It is estimated that the price target will be achieved in the second half of fiscal year 2016.