Board Member Flags BOJ Concern Over Risks of Prolonged Pandemic

Bank of Japan board member Makoto Sakurai warned that the central bank must be ready to act quickly if protracted fallout from Covid-19 harms the economy and financial system.

Speaking to business leaders in the western Japanese city of Fukui via an online meeting, Sakurai indicated that the possibility of the pandemic taking longer-than-expected to die down was a concern on the BOJ’s radar.