Bank of Japan Governor Kuroda says economy to remain in a severe situation

Kuroda speaking in parliament

  • Japan’s economy likely to remain in severe state, prices to remain on weak note due to pandemic impact, falling oil costs
  • risks to Japan’s economic outlook skewed to downside
  • will actively take steps to ease corporate strains, coordinating with govt
  • BOJ ready to ease without hesitation if needed with eye on pandemic fallout
Full text of Kuroda’s statement to parliament is here