BoJ Governor Haruhiko Kuroda told branch managers in a quarterly meeting, “domestic economic conditions remain severe due to the impact of coronavirus infections at home and abroad but we have seen a pickup.”
“Japan’s economy is likely to improve as a trend as the impact from the pandemic gradually subsides, although the pace will be moderate as caution over COVID-19 persists,” he added.
“The BOJ will scrutinise the impact of the pandemic for the time being and stand ready to take additional easing steps without hesitation if needed,” he said.
