The Bank of Japan kept monetary policy steady on Thursday and revised up its economic forecast for next fiscal year, signalling that it has delivered sufficient stimulus for now to cushion the blow from the COVID-19 pandemic. But the central bank warned of escalating risks to the outlook as new state of emergency measures rolled out this month hit consumption, clouding the outlook amid a fragile recovery. In fresh quarterly projections, the BOJ slightly upgraded next fiscal year's growth forecast based on hopes that robust exports and the government's huge spending package will soften the blow from the pandemic.
The new president starts dismantling his predecessor's legacy, signing a series of executive orders.
With the ocean as a backdrop, rocker Jon Bon Jovi sang the Beetles’ song Here Comes the Sun on a Miami-area pier as part of President Joe Biden’s virtual inauguration celebration.