Kuroda stresses BoJ’s readiness to ease more to beat pandemic pain

Kuroda said economic activity will remain below pre-pandemic levels for the time being as curbs to prevent the spread of the virus weigh on service industries.But he said the world’s third-largest economy will likely recover as the pandemic’s impact subsides

TOKYO: Bank of Japan (BoJ) governor Haruhiko Kuroda reiterated the central bank’s readiness to ease monetary policy further if needed, with a close eye on the coronavirus pandemic’s impact on the economy.

Kuroda said economic activity will remain below pre-pandemic levels for the time being as curbs to prevent the spread of the virus weigh on service industries.