Last month's BOJ policy-making meeting Future interest rate cuts clearly November 11 10:35
As the world economy slowed down due to trade disputes between the United States and China, the BOJ clarified the possibility of future interest rate cuts at a monetary policy decision meeting last month. At the meeting, we found that there was an opinion that additional monetary easing should be carried out proactively because the rate of price increase is well below the target.
The Bank of Japan announced the main opinions from attendees at the monetary policy decision meeting on the 30th and 31st of last month.
At this time, the IMF = International Monetary Fund lowered the outlook for the growth rate of the global economy against the background of trade friction between the United States and China, and the deceleration of the global economy became clear.
At the meeting, there were many opinions such as “The domestic economy is expected to continue expanding, although the effects of the slowdown in overseas economies will continue.”
However, a member of the committee commented that it should be decided that additional monetary easing measures should be taken, saying that “preventive monetary easing theory is the most appropriate in Japan, where the distance between the actual inflation rate and the target is large”.
After all, at this meeting, the BOJ stated that it would maintain a large-scale monetary easing policy, but could cut rates if needed as a policy for future policy management.
The Bank of Japan will consider policies for the next meeting to be held in the middle of next month while examining the impact of the slowdown in overseas economies and the increase in the consumption tax rate.