Monetary Policy Decision Meeting Decided to maintain current status of mitigation measures BOJ Sept. 19 12:01
The BOJ has decided to maintain the current monetary easing policy at the monetary policy meeting held until the 19th. However, the BOJ stated in the statement that “the situation is becoming more sensitive” that the momentum for price increases may be impaired as overseas economies continue to decelerate.
The BOJ will hold a monetary policy decision meeting for two days until the 19th, purchase a large amount of government bonds so that the long-term interest rate will remain at around 0%, and the current large-scale monetary easing policy that the short-term interest rate will continue to be negative. I decided to maintain it with the majority.
Regarding the domestic economy, we kept the judgment that “the trend is moderately expanding”.
The central banks of the world are moving ahead with monetary easing as the global economic outlook is uncertain due to trade disputes between the US and China and the economic slowdown in Europe.
Last week, the European Central Bank cut the rate for the first time in three and a half years, and the United States Fed and Federal Reserve Board, the central bank in the United States, drove the rate cut in July before 19th Japan time.
The BOJ's response, which was the meeting immediately after that, was also attracting attention.
However, the Bank of Japan stated in its statement that it is becoming a situation that requires more attention regarding the possibility of impairing the momentum for price increases.
In addition to the uncertainty of overseas economies, the increase in the consumption tax rate next month may have a negative impact on the economy, so the BOJ is ready to take additional monetary easing measures if necessary.