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Bank of Japan Governor Haruhiko Kuroda said on Monday that both the government's fiscal and the BOJ's monetary policies have been successful in stabilizing markets and maintaining employment.
"Economic policies (implemented by the BOJ and the government) have avoiding unemployment and corporate failure," Kuroda told a panel discussion at the World Economic Forum via an online.
But Japan must contain coronavirus pandemic through vaccine and that's challenge facing the BOJ and the government.
"We expect nearly 4% growth in fiscal 2021. We expect probably by then fiscal 2021 or early fiscal 2020, Japan economic recovery comes backs to level before pandemic," Kuroda said.