BOJ chief warns against growing digital divide

The governor of the Bank of Japan says it's important to consider "underlying structural changes" in technology and industry when looking at the post-pandemic economy.

Governor Kuroda Haruhiko made the comment in a speech on Monday to an online meeting hosted by the BOJ.

Central bankers and experts from other countries were also invited.

Kuroda said " Advance in digitalization are expected to enhance productivity and benefit a wide range of individuals and firms."

But Kuroda also raised concerns about growing inequalities.

He said "If the fruits of growth are concentrated in a small fraction of society and inequality increase, it may be difficult to achieve inclusive economic growth."

He added that policy makers face economic inequalities that have become even more pronounced during pandemic.

That's on top of the challenge of responding to rising worldwide concerns about climate change.