Bank of Japan vows to keep firms funded amid economic uncertainties

utlook highly uncertain.

"It's true corporate funding remains tight. We'll of course monitor developments carefully and take additional easing steps without hesitation if necessary," Kuroda told an online meeting with business leaders in Osaka, western Japan, on Wednesday.Kuroda made the remarks after meeting Prime Minister Yoshihide Suga earlier in the day. It was their first meeting since Suga was elected as Japan's new leader this month.

While Kuroda repeated the economy was likely to improve moderately, he warned of various risks to the outlook such as the fallout from the pandemic, U.S.-China tensions and protectionism. "The shock exerted by the pandemic could push down corporate and household growth expectations, making them cautious about spending. That's something we need to look out for."But he added the expected drop is mostly due to temporary discounts offered by the government to promote domestic tourism, rather than a change in corporate price-setting behaviour that could return Japan to a prolonged deflationary phase.

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