daytrading july 22 afternoon, page-51

  1. 2,800 Posts.
    The Bank of Japan is prepared to inject more stimulus if the economy's recovery is threatened, board member Takehiro Sato said today as he pointed to risks such as the slowdown in Chinese growth.

    He also said the central bank's 2 per cent inflation target was a flexible one that does not necessarily have to be achieved rigidly in two years -- a timeframe that had been outlined by BOJ Governor Haruhiko Kuroda.

    Sato, an economist who joined the BOJ board last year, said Japan was headed for a sustainable recovery as household sentiment and exports improve, but he was concerned about slowing growth in China and other emerging economies.

    "A high degree of uncertainty remains concerning the global economy, and I see risks to the economic outlook as somewhat tilted to the downside," Sato said.

    ---

    With just over an hour left in trade, here's how the sectors are looking:

    -Consumer discretionary: +0.9%
    -Consumer staples: +0.7%
    -Energy: +1.1%
    -Financials: +0.5%
    -Materials: +0.7%
    -Property trusts: -0.4%

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.