BOJ’s Kuroda warns of economic uncertainty amid pandemic edges

© Reuters. FILE PHOTO: Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a press conference at BOJ headquarters in Tokyo, Japan on July 30, 2019. REUTERS / Kim Kyung-Hoon

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Thursday warned of ongoing uncertainty about the country’s economic outlook as the services sector remains in a state of emergency to fight the COVID-19 pandemic.

“Economic activity will remain below pre-pandemic levels for the time being,” Kuroda told parliament in a semi-annual testimony. “The risks to the economic outlook are on the downside,” he added.

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