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Bank of Japan official warns of coronavirus impact on Japan's economy

Published 02/13/2020, 07:51 PM
Updated 02/13/2020, 07:56 PM
Bank of Japan official warns of coronavirus impact on Japan's economy

TOKYO (Reuters) - The Bank of Japan expects the country's economy to continue expanding moderately but it must keep an eye out on how the coronavirus outbreak could affect production and inbound tourism, a senior central bank official said on Friday.

The economy may have contracted sharply in October-December due to slowing overseas demand, the hit to consumption from last year's sales tax hike and a string of natural disasters, BOJ Executive Director Eiji Maeda told parliament.

"Japan's economy is expected to continue expanding moderately as a trend. But we need to be vigilant against various risks such as the impact the coronavirus outbreak could have on output and spending by inbound tourists," he said.

Latest comments

I guess the impact is also related to how Japan denied urgent medical care to even their own people, Japanese nationals, on the cruise ship. Thus sharp-eyed observers can project the care they will get when they visit Japan for the Olympics in the Chernobyl of Japan. --- Japan's government has just approved dumping 1.2 MILLON TONS of eternally polluted waters INTO YOUR AND MY OCEAN. Very Japanese isn't it? The Japs also insist on flying the SAME FLAG during the opening ceremony in the Chernobyl of Japan as they used when invading their sleeping neighbors in the 2nd World war. Very cruelly Japanese, isn't it? -- They bribed the Olympic Committee. Of course they do this flag flying cruelty to obtain an unfair advantage over their competitors. Shame on Japan. -- German Chancellor Merkel asked the Japanese to look deep inside themselves when they refuse to apologize for their actions in the 2nd World war where Germans apologized and paid war reparations. -- Not spending my money there.
Interesting how this article opens in a new window. -- Feels like Japan wants to censor comments, again due to vanity like the communists
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