BOJ governor optimistic on economy

The head of the Bank of Japan says he expects the domestic economy to gradually pick up as the pandemic runs its course.

Kuroda Haruhiko told an online quarterly meeting of BOJ regional branch managers that although the situation remains tough, the economy is on a path to recovery.

Kuroda said the effects of the pandemic are slowly easing. His comments come just over a week after the government lifted a coronavirus state of emergency for 19 prefectures.

He said growing overseas demand, continued monetary easing, and government stimulus will all combine to drive growth.

Kuroda also referred to the consumer price index, which is hovering around zero percent. He said he expects it to turn slightly positive due to rising energy prices.