ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

BOJ chief warns 'high degree of uncertainty' amid resurgent COVID

Japan central bank revises down fiscal 2020 GDP to minus 5.5%

Bank of Japan Governor Haruhiko Kuroda warned Thursday that the economy "remained shrouded in a high degree of uncertainty and has significant downside risks." (Photo by Karina Nooka)

TOKYO -- A resurgence of coronavirus infections in Europe and the United States has dampened the Bank of Japan's outlook for the economy, despite a rebound in business activity in recent months.

"The economy remains shrouded in a high degree of uncertainty and has significant downside risks," warned Haruhiko Kuroda, governor of the central bank, in a press conference on Thursday after a two-day policy meeting during which the central bank decided to maintain its ultra-easy monetary policy.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more