Japan, BoJ ready for extra expansionary measures if Covid crisis requires it

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Japan, BoJ ready for extra expansionary measures if Covid crisis requires it


TOKYO (Reuters) – Japan’s central bank governor Haruhiko Kuroda said the Bank of Japan will take new expansionary measures if needed to weather the impact of the coronavirus crisis.


Japan's central bank governor, Haruhiko Kuroda, photographed during an interview with Reuters in Washington


© Reuters / CARLOS JASSO
Japan’s central bank governor, Haruhiko Kuroda, photographed during an interview with Reuters in Washington


“We will closely monitor the impact of Covid-19 and will not hesitate to implement new expansionary measures if necessary,” Kuroda said.

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“The BoJ has not yet run out of monetary policy tools. We have many tools to counter (the damage of Covid-19). We are flexible, innovative when we evaluate the measures to be taken,” he added.

(Translated by Danzica editorial staff, in Milan editorial office Gianluca Semeraro, [email protected], +48 587696616)

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