Japan’s response to Covid-19: Impact on financial markets and economy
Speaker: Hiroshi Nakaso, Deputy Governor, Bank of Japan (2013-18) Chairman, Daiwa Institute of Research and FinCity Tokyo
In response to the coronavirus outbreak in Japan, the government has adopted a record ¥117tn emergency spending package. The Bank of Japan has pledged to buy an unlimited amount of government bonds and quadruple its purchases of corporate debt. Hirsohi Nakaso, former deputy governor of the Bank of Japan (2013-18) discusses the economic outlook for Japan and the impact of Covid-19 on foreign investors.