BOJ's Kuroda warns pandemic to keep economic uncertainty 'very high'

Reuters

Posted at Oct 05 2020 03:15 PM

TOKYO - Bank of Japan Governor Haruhiko Kuroda said on Monday uncertainty over the country's economic and price outlook remained "very high" as the coronavirus pandemic continued to inflict pain on global growth.

"While uncertainty is very high, our baseline scenario is for Japan's economy to improve as a trend as the impact of the pandemic subsides. But the pace of any recovery will be moderate as caution over the pandemic continues," Kuroda said in a video message to an annual meeting of securities firms.