Boj Signals Cautious Optimism
Policymakers at the Bank of Japan say there are signs the economy is starting to recover from the impact of the coronavirus.
The bank on Monday released a summary of a two-day policy meeting that ended on July 15.
The attendees decided to keep massive monetary easing in place to support businesses that are suffering.
Multiple policymakers said they believe the country's economic downturn has bottomed out.
But one said the economy is unlikely to return to the pre-pandemic level, even in fiscal 2022, and warned that it will take time to bring in the necessary structural changes.
Another official warned against being optimistic about the timing of a recovery if the virus continues to spread.
Many policymakers agreed that it's important to keep supporting corporate financing.
