BOJ’s Wakatabe Says Japan Faces More Sluggish Economic Recovery
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The Japanese economy is in danger of a slow recovery from the coronavirus downturn, according to Bank of Japan Deputy Governor Masazumi Wakatabe.
“The real economy is quite weak. We are expecting the economy to recover but maybe the recovery pace will be quite slower,” Wakatabe said Friday during a virtual panel discussion with other central bankers. “We have already set up the whole batch of tools and programs so we can strengthen each of them.”