Bank of Japan Governor Haruhiko Kuroda on Monday voiced concern over downside risks to the economic outlook and vowed to maintain easy policy.
Kuroda, speaking to business leaders in Osaka City, highlighted the risks from Covid-19 in Japan and overseas, the global economic outlook and inflationary pressures.
“There are numerous other risks surrounding overseas economies. Europe, which has been affected by high inflation and interest rate hikes, faces a risk that constraints on energy supplies will intensify,” Kuroda said.
He added that "adjustments" in the Chinese real estate market also are "a source of concern”. “Attention should be paid to fact that risks are skewed to the downside, as I have just explained, including the extent of economic deceleration due to interest rate hikes around the world.”