Suga, BOJ chief discuss economic situation

Japan's prime minister and central bank chief have got together to discuss the state of the domestic and global economies.

Suga Yoshihide and Bank of Japan Governor Kuroda Haruhiko met on Thursday. They also discussed the country's monetary policy.

Kuroda said he explained to Suga that Japanese exports have recovered to levels before the coronavirus pandemic and that corporate capital investment remains firm.

He added that service spending is still sluggish, but that consumption on the whole is picking up to some extent.

Kuroda said, "The Bank of Japan needs to continue its monetary easing policy for a considerable period of time. I told the prime minister that the central bank will conduct a review of its policy tools in order to make them more effective and sustainable."

The central bank plans to announce the outcome of the review next month.

Source: https://www3.nhk.or.jp/nhkworld/en/news/20210218_33/