Kuroda Rings Alarm on Economy by What He Says, Doesn’t Say

Bank of Japan Governor Haruhiko Kuroda sounded the alarm for Japan’s economy in a speech that described the toll from the coronavirus in language unusually strong for him.

“The spreading novel coronavirus is having a serious impact on our economy,” he told BOJ branch managers Thursday in Tokyo, citing across-the-board weakness in exports, tourism, consumer spending and factory production. “The economic outlook is extremely uncertain.”