BoJ cuts growth forecast

Longer lifeline: A woman walking past the BoJ headquarters in Tokyo. Governor Haruhiko Kuroda says the bank is ready to extend the deadline of its crisis-response programme to help struggling companies. — Bloomberg

TOKYO: The Bank of Japan (BoJ) trimmed its economic growth and inflation forecasts for the current fiscal year but offered a more upbeat view on the recovery outlook, signalling that it has delivered enough stimulus for the time being.

The central bank, however, warned the outlook was highly uncertain as the pandemic weighs on service-sector spending and a resurgence of infections in Europe dampen prospects for a sustained global recovery.