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BOJ Official: Coronavirus outbreak is inflicting severe damage on Japan’s regional economies

A Bank of Japan (BOJ) official is now on the wires, via Reuters, expressing his take on the Japanese economy following the release of the central bank’s economic assessment report.

Key quotes

Coronavirus outbreak is inflicting severe damage on Japan’s regional economies.

Must scrutinize impact of pandemic on regional economy as developments could change sharply.

It is first time since January 2009 for BOJ to cut economic assessment of all 9 regions.

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