9/17, 9:14 AM (Source: TeleTrader)
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BoJ's Kuroda: Economy showing recovery trend

Bank of Japan (BoJ) Governor Haruhiko Kuroda (pictured) asserted on Thursday that the country's economy showed a "recovery trend" as it started to pick up amid the coronavirus-caused crisis.

Speaking at a press conference following the central bank's decision to hold its interest rates, Kuroda also noted that inflation is heading back to the positive territory, adding the bank is considering further easing of its monetary policy to support the Japanese economy's rebound from the crisis.

"The BOJ will continue with measures that are exerting positive effects in the economy, such as measures to support corporate funding and stabilize markets. It’s important to achieve gradual price rises accompanied by rising corporate profits, jobs and wages. From this standpoint, we can consider additional monetary easing steps as needed," he stressed.

Breaking the News / GA