Tough time: A man walks past BoJ headquarters in Tokyo. A BoJ report says all of Japan’s nine regional areas saw their economies worsening or in a severe state due to the outbreak. — Reuters
TOKYO: The Bank of Japan (BoJ) cut its economic view for all of the country’s nine regions for the second straight quarter, the first such downgrade since Lehman Brothers collapsed in 2008, backing signs the economy could fall deeper into recession.
The move underscores just how much damage the coronavirus pandemic has done to the world’s third largest economy.
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