Kuroda vows to keep BOJ's focus on COVID-19 response amid weak inflation

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TOKYO : The Bank of Japan would continue to focus on cushioning the economic blow from the coronavirus pandemic, given lingering uncertainty over the outlook and subdued inflation, Governor Haruhiko Kuroda said on Monday.Sluggish domestic demand and companies' reluctance to pass on higher raw material cos

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TOKYO : The Bank of Japan would continue to focus on cushioning the economic blow from the coronavirus pandemic, given lingering uncertainty over the outlook and subdued inflation, Governor Haruhiko Kuroda said on Monday.

Export and output growth will also slow in the near term as Southeast Asian factory shutdowns blamed on the pandemic hit Japanese manufacturers, he added. But he said disruptions to the supply chains were likely to be temporary, and Japan's economic recovery would become clearer as the impact of the pandemic subsides.

It also extended until March next year a range of programmes to ease funding strains for companies hit by the pandemic.

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