- Japan’s economy to recover as pandemic impact fades – Nakamura
- Outlook highly uncertain due to resurgence in infections
- Consumption, growth may get boost from pent-up demand – Nakamura
TOKYO, Aug 25 (Reuters) – Bank of Japan board member Toyoaki Nakamura warned of risks to the economic outlook from a recent resurgence in COVID-19 infections, but signalled hope that consumption will get a boost once households feel safe to start spending.
Nakamura said the world’s third-largest economy is expected to recover as the pandemic’s impact fades, pointing to the boost to growth from robust global demand and a recovery in capital expenditure.
The outlook was “highly uncertain” with risks skewed to the downside, the former corporate executive said, as state of emergency curbs to combat the…