BoJ's Fukui says no stocks impact from rate hike

Bank of Japan governor Toshihiko Fukui said in parliamentary testimony Thursday 15 March that the BoJ's latest rate hike in February did not directly lead to the recent global stock market slump.

Fukui also sought to alleviate investor fears by saying that "the stock market in each country is making an autonomous correction (to lopsided positions)."

"I don't think there is a direct link between the last rate hike and the recent global stock market weakness," he said.

Asked how central banks ar

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