TOKYO (JAPAN) – A combination of expansionary fiscal and monetary policies was successful in ensuring the economy remaining stable in spite of the pandemic crisis, said Bank of Japan Governor Haruhiko Kuroda on Monday.
“The resurgence of COVID-19 and the state of emergency declaration by the government just a few weeks ago would tend to dampen (Japan’s economic) recovery. In this kind of situation, the most important policy is to … avoid unemployment and cooperate failures,” he said during a virtual meeting of the World Economic Forum.