TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Monday a combination of expansionary fiscal and monetary policies have been successful in keeping the country’s economy stable despite headwinds from the coroanvirus pandemic.

“The resurgence of COVID-19 and the state of emergency declaration by the government just a few weeks ago would tend to dampen (Japan’s economic) recovery. In this kind of situation, the most important policy is to … avoid unemployment and cooperate failures,” Kuroda told a virtual meeting of the World Economic Forum.

(Reporting by Leika Kihara; Editing by Chris Gallagher)