BOJ to “aggressively purchase JGBs” to consider additional monetary easing 12:18 April 24
At the monetary policy meeting to be held next week, the BOJ said that it would be inevitable that the spread of the new coronavirus infection would cause a significant economic downturn, and it would be more aggressive than ever to purchase additional government bonds and provide a large amount of monetary easing. It is a policy to consider. We will also discuss financial support measures for companies and clarify the attitude of mobilizing all policies.
The Bank of Japan will hold a meeting on the next monetary policy decision on the 27th of next week. At the meeting, the policy is to consider additional monetary easing to buy government bonds more aggressively than ever in order to supply large amounts of money to the market.
Currently, the purchase of government bonds, but we have set an upper limit on the fact that "the prospect of the 80 trillion yen per year," Until the spread of infection is to normalize economic activity to converge and to eliminate this limit I'm going to discuss it.
We will also discuss how to increase the amount of corporate bonds issued by companies and the purchase of CP = commercial paper to make it easier for them to raise funds, as corporate cash flow is becoming difficult due to requests for refraining from going out due to an emergency declaration. .
In response to the new coronavirus, the Federal Reserve Board of the Federal Reserve, which is the central bank of the United States, has already launched an unusual quantitative easing measure to purchase government bonds without restrictions.
The BOJ intends to clearly show its willingness to mobilize all the policies to support the economy in light of overseas movements as the government increases the number of new JGB issuances and launches large-scale economic measures.