Reuters reported that the ”Bank of Japan Governor Haruhiko Kuroda on Thursday warned of lingering uncertainty over the country’s economic outlook, as the services sector remains under state-of-emergency curbs to combat the COVID-19 pandemic.”
Key notes
Kuroda says japan’s economy remains in severe situation but picking up as a trend;
Says sectors offering face-to-face services under pressure due to state of emergency curbs, increase in covid infections;
Says uncertainty exists over japan’s economic outlook;
Says japan’s economic activity to remain below pre-pandemic levels for time being;
Says important to maintain steps to respond to pandemic’s impact on economy.
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