March 18, 2020 / 3:41 AM / 12 days ago

Bank of Japan's Kuroda says Japan banks, firms not facing trouble procuring dollars

FILE PHOTO - Bank of Japan Governor Haruhiko Kuroda speaks at a news conference in Tokyo, Japan, December 19, 2019. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Wednesday Japanese financial institutions and companies have so far not faced difficulty procuring dollar funds.

He also told parliament that at current levels of Tokyo’s Nikkei stock average, latent losses on the BOJ’s holdings of exchange-traded funds (ETF) were likely around 2-3 trillion yen (15-23 billion pounds).

The BOJ ramped up ETF buying as part of monetary easing steps it decided at an emergency policy meeting on Monday.

Reporting by Leika Kihara; Editing by Chang-Ran Kim

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