General Overview of the Residual Effects of COVID-19 on
Japan
Until 2022, the COVID-19 pandemic was one of the significant
concerns in the Japanese financial market. However, from 8 May
2023, the classification of COVID-19 was downgraded to that of a
common infectious disease in Japan. Against this backdrop, economic
activities have been returning to normal, and the Japanese
financial market has been showing a robust recovery led by a
growing appetite of foreign investors against the backdrop of a
depreciating yen and a low interest rate environment in Japan.
Monetary Easing Policy of the Bank of Japan
The Bank of Japan (BOJ), the central bank of Japan, has adopted
a policy of dramatic monetary easing in recent years to stimulate
the Japanese economy. This has continued in light of the
significant disruptions to the Japanese and global economy as a
result of the COVID-19 pandemic. According to the Statement of
Monetary Policy published by the BOJ on 28 July
