Bank of Japan Response discussion on monetary easing in Europe and the US July summary announcement September 25 11:46
The Bank of Japan announced the “Agenda” of the monetary policy decision meeting in July. At this time, although it decided to maintain a large-scale monetary easing policy, it turned out that the central bank in Europe and the United States was arguing about monetary easing, and the BOJ was also discussing whether or not to keep pace. .
In July, when the BOJ met, the central bank in Europe and the United States was cutting the direction of monetary easing, with the FRB = Federal Reserve Board, the central bank in the US, taking the first rate cut in 10 and a half years.
In light of these overseas trends, at this meeting, one committee member expressed the opinion that “preventive and preemptive policy responses are necessary”.
However, another member pointed out that “it is important to make a comprehensive judgment without being constrained by short-term fluctuations,” and the BOJ was also discussing whether to keep pace with the West.
After all, the BOJ decided to maintain a large-scale monetary easing policy, clearly stating that it would make additional monetary easing if necessary.
After that, the US FRB and the European Central Bank decided to cut interest rates this month, and the trend of monetary easing around the world has further strengthened.