BOJ Adachi, Member of the Board, `` Financing of SMEs is Now Important '' Inauguration Meeting, March 26, 21:58
Seiji Adachi, an economist at a securities company, was appointed as a member of the BOJ's monetary policy judging panel. He emphasized that support is important.
Mr. Adachi has served as an economist at domestic and foreign securities companies, and has been appointed as a new member of the BOJ's deliberative committee on 26th.
At an inauguration press conference, Adachi commented on the impact of the spread of the new coronavirus on the economy: "I'm extremely uncertain and have a sense of crisis and tension. I can't see when it will bottom out. It's a situation. "
He further stated that the Bank of Japan's future policy should be "a policy to prevent SMEs from bankruptcy due to worsening cash flow, rather than to booming the economy." For the time being, it is important to support corporate cash flow. Was shown.
In response to the question of whether the Bank of Japan needs to further reduce the current negative policy rate as central banks overseas, including the United States, cut rates one after another to prevent the economic downturn caused by the spread of infection. "I think it is necessary when the spread of the new coronavirus has subsided and the Japanese economy is about to emerge again," he said, saying that interest rate cuts are not necessary at this time.