A shortage of semiconductor chips may persist for the rest of this year if the coronavirus pandemic keeps Southeast Asian factories shut, a Bank of Japan policymaker said, highlighting supply constraints as among key risks to the global economy.
BOJ board member Toyoaki Nakamura said Japan's economy is expected to recover as the pandemic's impact fades, pointing to the boost to growth from robust global demand and a recovery in capital expenditure.
But he warned the outlook was "highly uncertain" with risks skewed to the downside, as a worldwide resurgence in COVID-19 infection cases force Japan to expand state of emergency curbs and disrupt factory production in Asia.
Reference: Reuters
Thai
Eng