But Kuroda warned that renewed curbs on economic activity to deal with a resurgence in COVID-19 infections were among risks to the economic outlook.
“As a whole, the recovery is being sustained as business sentiment improves for three straight quarters,” even though some service industries remain under pressure, he said. While a recovery in external demand and the effect of huge fiscal stimulus will underpin Japan’s recovery, risks were skewed to the downside, Kuroda said.
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