BOJ’s Nakamura says economy in a severe state but picking up as a trend

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Bank of Japan – Nakamura is a member of the monetary policy board.

Sticking to the script of persistent optimism ….

Headlines via Reuters:

  •  Japan’s economy remains in severe state but picking up as a trend
  • Japan’s economy
    likely to recover as pandemic impact begins to ease
  • Japan’s exports
    likely to increase steadily on robust global demand, recovery in
    capex
  • Japan consumer
    inflation likely to gradually accelerate as economy recovers
  • uncertainty over
    Japan’s economic, price outlook is high
  • must be vigilant to
    downside risks on Japan’s economic outlook
  • Japan likely to see
    pent-up demand boost consumption, though timing of it appearing
    likely being somewhat delayed
  • BOJ will start
    offering funds under climate change scheme by end of this year

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