Global Economic Slowdown “Preventive Response” Multiple Opinions at the BOJ Policy Decision Meeting August 7th 11:56
The Bank of Japan decided to maintain the current large-scale monetary easing measures at a meeting to discuss monetary policy last month as the US and Europe headed for monetary easing to prepare for the global economic slowdown. I understood that there were several opinions that should be taken preventively before becoming.
On the 7th, the Bank of Japan announced the main opinions given at the monetary policy decision meeting on the 29th and 30th of last month.
Before and after this meeting, the central banks in Europe and the United States successively turned to monetary easing in order to prepare for a situation where the global economy slowed down due to trade friction between the United States and China.
At the meeting, the Bank of Japan was affected by the slowdown, so the Bank of Japan also said, “It is important to respond proactively and preemptively” before the economy goes down. There were opinions from several committee members calling for strengthening monetary easing measures.
The BOJ eventually decided to maintain the current large-scale monetary easing policy without changing the policy, but the statement that reflects the opinions of the meeting reflected additional monetary easing measures as needed. I specified that I would take it.
Following last month's meeting, the United States and China are increasingly concerned about foreign exchange in addition to trade, and there is a growing concern that the global economy will slow down.
The BOJ is planning the next meeting next month, but it will be noticed what kind of discussion it will be, with the consumption tax rate raised in October.