Economy

BOJ’s Kuroda says economy stable thanks to mix of fiscal, monetary support

Read more at www.reuters.com

FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda attends a news conference in Tokyo, Japan March 16, 2020, in this photo released by Kyodo. Mandatory credit Kyodo/via REUTERS

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Monday a combination of expansionary fiscal and monetary policies have been successful in keeping the country’s economy stable despite headwinds from the coroanvirus pandemic.

“The resurgence of COVID-19 and the state of emergency declaration by the government just a few weeks ago would tend to dampen (Japan’s economic) recovery. In this kind of situation, the most important policy is to … avoid unemployment and cooperate failures,” Kuroda told a virtual meeting of the World Economic Forum.

Reporting by Leika Kihara; Editing by Chris Gallagher

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