BOJ’s Kuroda: Household spending remains weak due to coronavirus measures


Further comments are flowing in from the Bank of Japan (BOJ) Governor Haruhiko Kuroda, as he continues to speak at the post-monetary policy press conference.

Household spending remains weak due to coronavirus measures, state of emergency curbs.

Expect private consumption to recover once coronavirus infections subside.

Wage growth remains small.

Rise in wages has been relatively moderate.

Don't think weak wage growth is the cause of weak consumption.

People's cautious activity under coronavirus is weighing on consumption.

Pent-up demand will help consumption recover.

Don't think volume of first operations under climate change scheme will be large.

See Evergrande issue as unique to the company itself.

China Evergrande troubles part of China real estate problem, not covid-related.

Believe Chinese authorities regulatory steps to prevent economic bubble are appropriate.

Does not think China regulations will adversely affect China, global economy.

Read: USD/JPY sticks to gains near session tops, above mid-109.00s

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