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BoJ senior official: boj hopes to maintain powerful monetary easing to support economy

 BoJ senior official: labour shortage not becoming strong constraint on Japan's economic growth.

Key notes

  • Public, private sectors must make efforts to boost productivity so economy can achieve strong, sustainable growth.
  • Japan's oct-dec GDP may have contracted sharply due to overseas slowdown, sales tax hike impact and hit from natural disasters.
  • Japan's economy likely to sustain moderate expansion as a trend on robust CAPEX, govt spending.
  • Must be vigilant against various risks such as chance coronavirus outbreak could affect inbound tourism, production.
  • BoJ hopes to maintain powerful monetary easing to support economy.

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Japan's Economy Minister, Yasutoshi Nishimura, states that Japan's Q4 2019 GDP 2019 likely weaker due to sales tax hike, typhoon. More to come...
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Gold: Mildly positive below $1580 as risk aversion continues

Gold remains firm around $1,578 during Friday’s Asian session. The extension of an increase in coronavirus cases seems to have favored the bullion’s l
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