Instead, the Bank will adopt a forward-looking perspective of how to achieve stability in economic activity and prices by pursuing further effective monetary easing while mitigating side effects. 7  III.
Strengthening Japan's Economic Growth Potential with an Eye on the Post-COVID-19 Era The COVID-19 pandemic is still affecting the global economy on an enormous scale, and many people in Japan have been making strenuous efforts toward it. Above all, it is necessary to simultaneously contain the spread of COVID-19 and improve economic activity in order to overcome the current crisis.