May 22, 2020 / 9:24 AM / 3 days ago

Japan's finance minister, central bank governor meet on pandemic response

FILE PHOTO: Japan's Finance Minister Taro Aso answers a question during a news conference of the G20 finance ministers and central bank governors meeting in Fukuoka, Japan June 9, 2019. Eugene Hoshiko/Pool via REUTERS

TOKYO (Reuters) - Japanese Finance Minister Taro Aso and Bank of Japan Governor Haruhiko Kuroda met in Tokyo, the finance ministry said on Friday, in a show of resolve to coordinate fiscal and monetary policies to combat the widening economic fallout from the coronavirus pandemic.

The rare bilateral meeting came hours after the BOJ’s emergency rate review, where the central bank decided to create a new loan scheme to channel more funds to small businesses hit by the coronavirus.

Reporting by Leika Kihara; Editing by Alex Richardson

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