Wednesday, 05 Aug 2020 09:52 PM MYT
But he said that Japan was not slipping into deflation and that the central bank would continue with its efforts to achieve its elusive two per cent inflation target. “Despite extremely high uncertainties, the Japanese and overseas economies are likely to improve gradually from the second half of this year,” Kuroda said.
“Given the impact of Covid-19 , the BOJ has purchased government bonds to maintain stability in the bond market and keep the entire yield curve at low levels,” he said.
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