TOKYO The Bank of Japan's new board member Toyoaki Nakamura said on Wednesday the central bank must "respond early" to downside risks that could emerge from the coronavirus pandemic.
TOKYO Tetsuya Kan, head of a major regional bank in Osaka, said it will take two more years for the western Japan prefecture to recover from the damage caused by COVID-19, which has crushed the city's once thriving tourism and retail sectors.
TOKYO The Bank of Japan is likely to maintain this month its projection that the economy will gradually recover from the damage wrought by the coronavirus pandemic in the latter half of this year, sources said.
TOKYO, June 5 The Bank of Japan is likely to
maintain its projection that the economy will gradually recover
in the latter half of this year, four sources familiar with its
thinking said, heightening the chance it will forgo bold
monetary easing steps at this month's rate review.
TOKYO Adopting or deepening negative interest rates is an unlikely option for many central banks, including in Japan, particularly when they need the help of commercial banks to pump funds to firms hit by the coronavirus pandemic, former Bank of Japan policymaker Sayuri Shirai said.
TOKYO The Bank of Japan will discuss further steps to ease corporate funding strains at this month's rate review in order to pump more money into firms grappling with slumping sales due to the coronavirus outbreak, sources familiar with its thinking said.
* Increase in CP, corporate bonds buying among options -
* Govt deny any plans for declaring state of emergency
(Adds background on speculation over lockdown of Tokyo)
TOKYO, March 30 Japan is conducting a survey on
how prepared financial institutions are in case the government
declares a state of emergency to contain the coronavirus
outbreak, two sources with direct knowledge of the matter said
TOKYO The Group of 20 finance leaders will not issue a statement after Monday's teleconference, a G20 source told Reuters, underscoring the challenge they face in garnering a consensus on how to deal with the rising economic risk from the coronavirus outbreak.