BOJ’s Kuroda says consumption stagnating, outlook highly uncertain

September 30, 2021

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Thursday warned that consumption is stagnating at “low levels” with the outlook heavily reliant on developments regarding the COVID-19 pandemic.

“The timing and pace of recovery in consumption remains highly uncertain,” Kuroda said in a speech delivered at an online annual meeting of the securities industry.

(Reporting by Leika Kihara and Tetsushi Kajimoto)

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