Impact of the consumption tax hike “The decline is temporary” BOJ Governor Jan. 21, 18:24
The Bank of Japan's governor, Kuroda, has acknowledged that the impact of the consumption tax hike last October has seen a temporary decline, with some signs of a pick-up in consumer electronics sales, and that personal consumption has been on an increasing trend. Was.
The BOJ decided to maintain its current large-scale monetary easing policy at a monetary policy meeting held until February 21, and Governor Kuroda had a press conference.
Regarding personal consumption after the tax hike, “The consumption of non-durable goods such as daily necessities is firm, while the sales of consumer electronics are also picking up, even for durable goods. And consumer spending is on the rise. "
In response to concerns that the economy will decline after the Tokyo Olympics and Paralympics, Kuroda said that private construction investment, which had been postponed in favor of public investment for the Olympics, will appear. I don't think there will be a big negative impact. "
On the other hand, with regard to overseas economies, trade negotiations between the United States and China have progressed, and risks have somewhat decreased, but there is a great possibility that the economy will fall down as `` the United States and China still have conflicts ''. And indicated that it would implement additional monetary easing if necessary.
He also noted that the spread of pneumonia, which is thought to be caused by a new type of coronavirus, is spreading in China.