BOJ’s Kuroda warns of banking sector risks from COVID-19

 BOJ’s Kuroda warns of banking sector risks from COVID-19

November 24, 2020

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Thursday the country’s financial stability could be disrupted if the damage to commercial banks’ profits from COVID-19 persisted.

“The outlook for Japan’s economy and prices is highly uncertain with risks skewed to the downside,” Kuroda said in semiannual testimony to parliament.

(Reporting by Leika Kihara; Editing by Chris Gallagher)

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