coronavirus, issuing fresh warnings about new government restrictions, struggling recoveries and threats to jobs.Monetary chiefs from the euro area, Japan and the U.K.
were united in their concern about their economies in an online seminar hosted by the Group of 30. They all said risks to the outlook remain to the downside and signaled support is going to be needed for some time.
Bank of Japan Governor Haruhiko Kuroda even warned that his economy is at risk of a recession if things turn sour.“Japan is likely to follow an improving trend.
However, this outlook is highly uncertain," he said. “If growth expectations drop and the financial system becomes unstable, the economy could fall into a full-fledged recession."While the situation across.