Bank of Japan will not hesitate to take additional easing measures
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Bank of Japan will not hesitate to take additional easing measures
The Bank of Japan will not hesitate to take additional mitigation measures if necessary, as the new coronavirus has suppressed global activity, Governor Haruhiko Kuroda said Tuesday.
The Japanese economy was in an increasingly difficult situation due to the influence of the spread of Covid-19 at home and abroad, and as the coronavirus weakened, the situation in Japan’s economy was likely to improve, Kuroda said n a semi-annual testimony to parliament. It is expected that the annual rate of change in consumer prices will gradually increase, but the real prospects for economic activity and prices are extremely unclear, he added.
Last week, the Bank of Japan introduced a new lending program worth about 30 trillion yen to help finance small and medium-sized companies.
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