BOJ's Kuroda: Markets unstable due to oil falls, China slowdown

Bank of Japan (BOJ) Governor Kuroda is appearing in parliament, noting oil price falls and China as the underlying reasons of market instability.

Key Quotes

Markets have been globally unstable due to oil price falls, China slowdown

Japan's economy continues to recover moderately

Wants to carefully watch how recent market volatility effects Japan's economy and prices

Investors' risk aversion has broadened somewhat excessively

Positive impacts of BOJ's negative rate policy likely to gradually broaden in Japan's economy