Kuroda says state of emergency may weaken economic recovery

The Governor of the Bank of Japan (BoJ), Haruhiko Kuroda, said on Monday that the national economy has been significantly affected by the coronavirus pandemic.

Additional comments:

He Coronavirus resurgence and state of emergency may slow recovery economy of Japan.

The most important policy is avoid unemployment and business bankruptcies.

Both fiscal and monetary policies have managed to avoid it.

The comments have done little to sway the Japanese yen or provide a significant boost to the USD / JPY pair, holding, at the time of writing, with modest losses near the 103.70 region.

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