The Pound to Japanese Yen exchange rate held steady today, with the pairing currently fluctuating around ¥142.000. The Japanese Yen benefited from news that Japan’s economy could recover to levels seen before the Covid-19 pandemic as early as this March. Bank of Japan (BoJ) Governor Haruhiko Kuroda explains: ‘Both fiscal and monetary policies have been successful in preventing corporate failures and unemployment. ‘We expect, probably by the end of fiscal 2021 or early fiscal 2022, that Japan's economy would recover and come back to levels before the pandemic started.’ As a result, Japanese Yen investors are now more confident that Japan – the third-largest economy – could begin recover in the next few months.