Bank of Japan Governor Kuroda says pace of pick up in economy is only moderate

Kuroda speaking in parliament today:

• overseas economy expected to pick up but pace likely to stay moderate
• Japan's economy picking up as exports, output increase reflecting overseas recovery
• Japan's economy expected to improve as a trend but pace will be moderate due to caution over covid-19
• BOJ is ready to take additional easint steps without hesitation
• Risks to Japan's prices are skewed to the downside due to high uncertainty over the impact of coronavirus