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BoJ’s Kuroda: Will adjust monetary policy if downside risks materialize

Additional headlines crossing the wires from the BoJ Chief Kuroda’s presser are as follows.

Will adjust monetary policy if downside risks materialize.

If risks from overseas materialize, there would be monetary policy response.

But taking policy response is not our main scenario.

Lowering rates, expanding monetary base, increasing asset purchases are among BOJ policy options.

Gold drops to near 3-week lows, closer to $1215 level

   •  USD climbs to 16-month tops and keeps exerting downward pressure.    •  Improving risk-appetite dents safe-haven status and add to the selling b
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