BoJ Governor Haruhiko Kuroda told the parliament today that “economic activity will remain below pre-pandemic levels for the time being.” Also, “risks to the economic outlook are skewed to the downside.” Nevertheless, the economy as a whole is picking up momentum thanks to robust exports and productions.
“We’ll take into account the effects and cost of our policy, and aim to achieve moderate inflation accompanied by growth in corporate profits, jobs and wages,” he said. “It’s important to respond to the pandemic’s impact for the time being” by maintaining the central bank’s ultra-loose monetary policy.
