BOJ 27th decision meeting to consider additional monetary easing with financing support April 23, 5:33
At the Monetary Policy Meeting next week, the BOJ will consider additional monetary easing to help finance companies that are severely affected by the spread of the new coronavirus. It is expected that the BOJ will buy more corporate bonds issued by companies to make it easier to raise funds.
The BOJ will hold a monetary policy meeting on the 27th of next week.
Last time, at the meeting in March, we opened our schedule ahead of schedule despite the financial market turmoil due to the spread of the new coronavirus infection, and we started further monetary easing for the first time in three and a half years.
This month, an emergency declaration based on the law was issued, and the effects of self-restraint to go out and suspension of factory operations are affecting SMEs and large companies.
For this reason, the meeting is expected to discuss measures to ease monetary easing, such as corporate bonds issued by companies and CP = commercial paper, to further increase purchases and facilitate financing.
In addition, we will exchange views on the need for further strengthening of the new financing measures that were introduced last time to encourage active lending.
On the other hand, the BOJ's monetary policy decision meeting usually takes place for two days, but the policy is to shorten the schedule to one day so that the deliberative committee members and BOJ executives attending the meeting will not be infected with the new coronavirus.