Kuroda speaking in parliament today:

  • overseas economy expected to pick up but pace likely to stay moderate
  • Japan's economy picking up as exports, output increase reflecting overseas recovery
  • Japan's economy expected to improve as a trend but pace will be moderate due to caution over covid-19
  • BOJ is ready to take additional easint steps without hesitation
  • Risks to Japan's prices are skewed to the downside due to high uncertainty over the impact of coronavirus