Brexit a factor in BoJ’s decision to ease – deputy governor
Uncertainties from abroad are weighing on the Japanese economy, Iwata says
The uncertainty around the UK's Brexit vote was one factor that pushed the Bank of Japan to act in July, deputy governor Kikuo Iwata said today (August 4).
Addressing business leaders in Kanagawa, Iwata said uncertainties from abroad, including the vote, were an important factor behind the BoJ's decision to "enhance" its monetary easing in July with an increase in purchases of exchange-traded funds.
The BoJ was concerned that uncertainties would lead to a deterioration of business and consumer
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