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Japan economy to reach pre-COVID levels year-end or early 2022 By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO: Financial institution of Japan Governor Haruhiko Kuroda carrying a protecting face masks attends a information convention because the unfold of the coronavirus illness (COVID-19) continues in Tokyo, Japan, April 27, 2020, on this photograph launched by Kyodo. Necessary credit score Ky

TOKYO (Reuters) – Japan’s economic system will proceed to get well and will attain ranges seen earlier than the coronavirus pandemic by the tip of 2021 or early in 2022, Financial institution of Japan Governor Haruhiko Kuroda mentioned on Thursday.

“All in all, consumption, which has been fairly weak, will steadily step up. However, the company sector enjoys a agency state of affairs, which is translated right into a agency pick-up in enterprise fastened funding,” Kuroda mentioned in a web based seminar hosted by the European Central Financial institution on Wednesday, or early on Thursday Tokyo time.

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