The epicentre of the outbreak in China's Hubei reported just 349 new cases on Thursday, the lowest since Jan. 25, although it was accompanied by a change in diagnosis rules.
The Japanese yen, considered a safe-haven, traded near a three-week high versus the dollar as investors nervously watched the death toll from the virus climb to more than 100.
Japan's currency, often sought as a safe-haven in times of uncertainty, rose to the highest in almost three weeks versus the dollar, while the Chinese yuan fell to its lowest since January 8
Fears that US officials might embark on trying to weaken the dollar have grown after Beijing weakened its currency below a psychological 7 per dollar level earlier this month, signaling an escalation in the ongoing trade war with Washington.
"Currency moves could have an impact on the economy and prices, so it's crucial we take into account these factors when guiding monetary policy," Kuroda told parliament.
Spot gold was up 0.3 percent at $1,218.86 an ounce at 0300 GMT, after losing 0.65 percent in the previous session.
The central bank's surprising cut in reserve requirement ratios (RRR) on April 17 and growing fears of a trade war with the United States have fanned market expectations of looser policy to support the economy.
Japan's fourth-biggest automaker expects profit of 340.0 billion yen ($3.10 billion) in the year to March 2019, versus a 374.6 billion yen median of 21 analyst estimates compiled by Thomson Reuters I/B/E/S.
The trade data came on the heels of the Reuters Tankan survey that found Japanese manufacturers' confidence deteriorated sharply in February, pointing to global stock market turmoil and the yen undermining business sentiment.
Merkel said on Monday she would meet the German president to inform him that she had failed to form a coalition government with the Greens and the pro-business Free Democrats (FDP).
The electronics firm forecast profit of 630 billion yen ($5.57 billion) for the year ending March, from 500 billion yen estimated three months ago.
Spot gold was down 0.4 percent at $1,275.70 an ounce by 0313 GMT, after hitting its lowest since Oct. 6 at $1,273.80 earlier in the session.
Japanese Prime Minister Shinzo Abe's ruling coalition secured a two-thirds "super majority" after winning 312 out of 465 seats available at Sunday's election, Reuters said, citing local media. Abe's solid win at the polls points to a continuation of fiscal and hyper-easy monetary policies under his Abenomics program.
Abe is expected to announce a snap election on Monday to take advantage of improved ratings and disorganised opposition parties, and the stimulus package could be a way to lure voters during the election campaign.
The dollar was marked down as deep as 109.22 yen at the opening, off a whole yen from late on Friday, but there was no follow-through selling and it was last at 109.84.
But while the central bank reached a major milestone in money printing, it is nowhere near achieving the ultimate goal of its policy, to lift inflation to 2 percent, highlighting the difficulty the BOJ is facing as the pace of its bond buying appears unsustainable.
Sterling remained under pressure after police said at least 19 people were killed and about 50 injured in an explosion at a concert in Manchester where U.S. singer Arianna Grande had been performing.
Japan's fourth-largest automaker said it expected operating profit to come in at 240.0 billion yen ($2.11 billion) in the year to March 2018, short of an average estimate of 254.7 billion yen from 21 analysts polled by Thomson Reuters I/B/E/S.
Nissan expects operating profit to come in at 685.0 billion yen ($6.00 billion) in the year to March, lower than an average estimate of 778.4 billion yen from 21 analysts polled by Thomson Reuters I/B/E/S, and down from a 742.2 billion yen profit posted in the year just ended.
The three companies said in a joint statement that they would spend a total of 20 billion yen (USD 183.74 million) to set up the company, which would be formed this year.
The US technology giant is considering investing at least several billion dollars to take a stake of more than 20 percent as part of a plan that would have Toshiba keep a partial holding so the business remains under US and Japanese control, NHK reported, citing unidentified sources.
The result, the 32nd straight month of current account surpluses, compares with economists' median forecast for a surplus of 2.62 trillion yen in a Reuters poll. This February's current account surplus was the largest on record for February.
The rupee is likely to remain rangebound today and stay between 64.90-65.10/dollar, says Bhaskar Panda of HDFC Bank.
The Japan International Cooperation Agency (Jica) today said signed an agreement with the MMRDA to provide 144,795 million yen, or around Rs 8,600 crore, official development assistance (ODA) loan for the ambitious trans-harbour link project in the city (MTHL).
Suitors include Western Digital Corp which operates a chip plant with Toshiba in Japan, Micron Technology Inc, South Korean chipmaker SK Hynix Inc and financial investors.