“Exports and factory output continue to increase, although they are partly affected by supply constraints,” the central bank (pic) said in a statement announcing the decision.
TOKYO: The Bank of Japan (BoJ) kept monetary policy steady yesterday but offered a bleaker view on exports and output, reinforcing expectations the bank will maintain its massive stimulus even as major counterparts eye a withdrawal of crisis-mode support.
The gloom hanging over manufacturers, hit by Asian factory shutdowns caused by the coronavirus pandemic, adds to woes for Japan’s fragile recovery, which has been hobbled by weak consumption.
