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12/2/2020, 7:26 AM (Source: TeleTrader)
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BoJ must mind downside risks to economy - Amamiya

Bank of Japan (BoJ) Deputy Governor Masayoshi Amamiya stated on Wednesday that that institution needed to be aware of downside risks to the economy amid the crisis caused by the ongoing coronavirus pandemic, and hence implement new measures to strengthen the regional financial system "as quickly as possible."

The deputy governor expressed his certainty the BoJ would make the "right decision" on extending its schemes of support, aimed at alleviating the negative consequences the pandemic had been leaving on the output.

Earlier in the day, Amamiya said the central bank would continue to monitor the impact of the pandemic on the economy and, if needed, not hesitate to ease its monetary policies additionally.

Breaking the News / JR