Japan vow to use all tools to combat virus fallout

Japanese Finance Minister Taro Aso (left) and Bank of Japan Governor Haruhiko Kuroda pledged on Friday (May 22) to deploy all necessary fiscal and monetary policy tools to combat the widening economic fallout from the Covid-19 (coronavirus) pandemic. - Reuters

TOKYO: Japanese Finance Minister Taro Aso and Bank of Japan Governor Haruhiko Kuroda pledged on Friday (May 22) to deploy all necessary fiscal and monetary policy tools to combat the widening economic fallout from the Covid-19 (coronavirus) pandemic.

After a rare bilateral meeting, the two issued a joint statement committing to do "whatever it takes" to facilitate corporate financing and stabilise markets as part of efforts to cushion the blow from the health crisis.