Bank of Japan governor Haruhiko Kuroda. - Bloomberg
TOKYO (AFP): The Bank of Japan on Thursday (Oct 29) lowered its economic growth and inflation forecasts for this fiscal year but while its massive monetary easing policy was left untouched its governor said officials were ready to unveil fresh support measures if needed.
"Japan's economy is likely to follow an improving trend, with economic activity returning and the impact of the novel coronavirus waning gradually, but the pace is expected to be only moderate while vigilance against Covid-19 continues," the central bank said in its quarterly report issued after a policy meeting.
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