The Governor of the Central Bank of Japan (BOJ) Haruhiko Kuroda said on Thursday that he had explained to Prime Minister Yoshihide Suga about the central bank's plans to conduct a review of its police equipment in March.
In addition, they also discussed the growing global economic development, based on projections released by the International Monetary Fund (IMF).
This meeting is a common practice conducted by the BOJ Governor and the Prime Minister to exchange views on the current economy and policies.
Kuroda's comments on the survey followed the BOJ's announcement in December that it would evaluate its police tools in March when the effects of the Covid-19 crisis on the economy had forced the central bank to maintain a large and protracted stimulus program.
Meanwhile, Kuroda also said Suga did not comment specifically on the BOJ survey in March and the two did not discuss the issue of the Tokyo Olympics which may be canceled due to the pandemic crisis which has yet to be fully curbed.
In the meantime, he also commented further on the country's economic development following the meeting, where exports and output are said to have recovered to the level before Covid-19 hit and Japanese consumption also showed a slight increase. However, according to Kuroda, service expenses are still weak.
