Bank of Japan Governor Kuroda says economy to remain in a severe situation

Kuroda speaking in parliament

• Japan's economy likely to remain in severe state, prices to remain on weak note due to pandemic impact, falling oil costs
• risks to Japan's economic outlook skewed to downside
• will actively take steps to ease corporate strains, coordinating with govt
• BOJ ready to ease without hesitation if needed with eye on pandemic fallout

Full text of Kuroda's statement to parliament is here