Business

BOJ's Amamiya voices hope of stronger recovery driven by vaccinations

Bank of Japan Deputy Governor Masayoshi Amamiya said on Wednesday the economy may enjoy a stronger-than-expected rebound if coronavirus vaccinations speed up, offering an optimistic view on the country's recovery prospects.

Bank of Japan Deputy Governor Masayoshi Amamiya speaks during a Reuters Newsmaker event in Tokyo
Bank of Japan Deputy Governor Masayoshi Amamiya speaks during a Reuters Newsmaker event in Tokyo, Japan July 5, 2019. REUTERS/Issei Kato/Files

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TOKYO: Bank of Japan Deputy Governor Masayoshi Amamiya said on Wednesday the economy may enjoy a stronger-than-expected rebound if coronavirus vaccinations speed up, offering an optimistic view on the country's recovery prospects.

"An uptrend in consumption will become clearer as the pandemic's impact gradually subsides and household income rises," Amamiya said in a speech.

(Reporting by Leika Kihara; Editing by Chang-Ran Kim)

Source: Reuters