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- BOJ governor Kuroda: Japanese economy expected to remain in severe state for some time
BOJ governor Kuroda: Japanese economy expected to remain in severe state for some time
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BOJ will ease further without hesitation if needed
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Expects impact of the virus outbreak to weaken in 2H 2020
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Risks are tilted to the downside
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Once the virus is contained, the economy will start recovering
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Uncertainty is high with regards to the timing on when the virus outbreak will end
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There is no change in the BOJ's stance to achieve 2% price target
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Price momentum has been lost for now
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Prices are unlikely to meet 2% target during forecast period
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Expects monetary easing to have synergy with government's fiscal policy
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