Kuroda said he was "cautiously optimistic" that Japan's economy will gradually recover from the second half of this year, allowing the BOJ to scale back its crisis-response steps.
TOKYO: Bank of Japan (BOJ) Governor Haruhiko Kuroda said second-round effects of the Covid-19 coronavirus pandemic could hurt the Japanese economy "considerably", signalling the bank's readiness to ramp up stimulus measures again to cushion any blow from the crisis.
But in an online seminar on Friday Kuroda said the central bank saw no immediate need to cut interest rates, and instead will focus on easing corporate funding strains and stabilising markets with its lending facility and asset purchases.
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