Fukui says BOJ stance is to act preemptively

The Bank of Japan acted in what was described as a pre-emptive strike on Tuesday May 29 easing monetary policy in a bid to raise its target for banks' excess reserves to around 27-30 trillion yen.

Source: Reuters

Bank of Japan Governor Toshihiko Fukui said after the central bank eased its monetary policy on Tuesday that its stance was to act preemptively.

Fukui told a news conference he did not see fears emerging of financial instability. The Bank of Japan said at the end of a board meeting earl