Japan's economy is in a "severe" situation and the pace of its recovery will be moderate amid heightened vigilance against the coronavirus pandemic, Bank of Japan Gov. Haruhiko Kuroda said Thursday.
Speaking in a virtual meeting of BOJ branch managers, Kuroda also said the central bank will ease monetary policy further to boost the economy if necessary.
"Domestic economic conditions remain severe due to the impact of coronavirus infections at home and abroad but we have seen a pickup," Kuroda said.