Bank of Japan member calls for ‘swift action’ to ease coronavirus shock

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Thu, 2020-10-22 00:56

TOKYO: Bank of Japan board member Makoto Sakurai said on Wednesday the central bank must take “swift and appropriate” action if the coronavirus shock delays the country’s economic recovery.

If the pandemic takes longer than expected to contain, more companies could be pushed under, saddling commercial banks with bad loans and threaten Japan’s financial system, he said.

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