• Latest
  • Trending
BOJ’s Kuroda signals readiness to extend pandemic-aid scheme

BOJ’s Kuroda signals readiness to extend pandemic-aid scheme

Global economies struggle as oil supplies tighten, volatile stakes

Oil prices see a surge, supply concerns to aid in the cause

S & P 500 ends at record high as Wall Street rises

Wall St futures tumble, dollar holds its ground against tides

OPEC+ members face issues of tight oil supplies

OPEC+ members face issues of tight oil supplies

U.S. energy companies shudder after economic and climate warnings

U.S. energy companies shudder after economic and climate warnings

People’s Bank and CA Sri Lanka to offer SME Mentoring Program

People’s Bank strikes Gold at Technnovation Awards 2022

Russia evades default through sheer force of will; Kremlin speaks

Russia evades default through sheer force of will; Kremlin speaks

Global economies struggle as oil supplies tighten, volatile stakes

G7 fixate on stricter sanctions to impose on Russia, oil rates wobble

People’s Bank and CA Sri Lanka to offer SME Mentoring Program

People’s Bank empowers local youth with People’s Spark Entrepreneurship Development Programme

People’s Bank and CA Sri Lanka to offer SME Mentoring Program

People’s Bank and CA Sri Lanka to offer SME Mentoring Program

Russia may be driven into default, Eurobonds due in payment

Russia may be driven into default, Eurobonds due in payment

Asia shares falls on worries over inflation, Fed outlook

An insightful glimpse of the market during the inflation period

Russia’s Sovcomflot managed to strike deals despite sanctions

Russia’s Sovcomflot managed to strike deals despite sanctions

Global Business Review Magazine
Wednesday, July 6, 2022
Nominate Here
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
No Result
View All Result
Global Business Review Magazine
No Result
View All Result

BOJ’s Kuroda signals readiness to extend pandemic-aid scheme

BOJ’s Kuroda signals readiness to extend pandemic-aid scheme

Governor Haruhiko Kuroda said that the Bank of Japan will consider extending its pandemic-relief programme beyond September deadline if necessary. This is because the country struggles with a spike in covid infections that is crippling the economy. He also said that the world’s third-largest economy remains on a path toward recovery. This is because robust exports and corporate profits offset some of the pandemic’s damage to consumption.

He warned that there was high uncertainty about the pace of vaccine rollouts. This could inflict longer-than-expected pain on the economy. In a seminar Kuroda said that for the time being, risks to Japan’s economic outlook are skewed to the downside. Taken into account the impact of the pandemic, they will consider extending further the deadline for the BOJ’s measures to ease corporate funding strains caused by the crisis, said the governor. The BOJ last year ramped up asset purchases.

YOU MAY ALSO LIKE

People’s Bank strikes Gold at Technnovation Awards 2022

People’s Bank empowers local youth with People’s Spark Entrepreneurship Development Programme

While big manufacturers benefiting from solid overseas demand have paid back some of the loans. Small retailers remain under stress as curbs on activity to prevent the spread of the virus hurt consumption. Many analysts expect the BOJ to decide on extending the programme. This is because Japan is lagging other major economies in containing the pandemic. In first quarter the Japan’s economy has shrank more than expected because of the new infection hit and a slow vaccine rollout.

Kuroda said that the economic activity will remain below post-pandemic levels for the time being. This is regarding widening divergence among sectors on the pace of recovery. He also added that the near-term focus would be to respond to the pandemic’s impact. This suggests that Japan would fall well behind other central banks in withdrawing crisis-response stimulus measures.

Tags: Bank of JapanBankingEconomyJapan
ShareTweetShare
Global Business Review Magazine

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

  • Oil prices see a surge, supply concerns to aid in the cause
  • Wall St futures tumble, dollar holds its ground against tides
  • OPEC+ members face issues of tight oil supplies
  • U.S. energy companies shudder after economic and climate warnings
  • People’s Bank strikes Gold at Technnovation Awards 2022

Categories

  • Banking
  • Business
  • Events
  • Finance
  • FinTech
  • Tech
  • Videos
  • About
  • Nominate
  • Privacy & Policy

© 2022 Global Business Review Magazine - All Rights Reserved.

No Result
View All Result
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine

© 2022 Global Business Review Magazine - All Rights Reserved.

Go to mobile version