Monetary easing study by the Bank of Japan Today's monetary policy decision meeting New Corona April 27, 6:09
The Bank of Japan will hold a monetary policy meeting on the 27th, and will consider additional monetary easing to support the economy, as the spread of the new coronavirus spreads the serious impact on the economy. We are considering purchasing government bonds to provide ample funding at low interest rates and measures to support firms' tight cash flow.
As the outbreak of the new coronavirus continues, the Bank of Japan will shorten the monetary policy decision meeting, which normally lasts two days, to one day to discuss the immediate policy.
With the declaration of an emergency, economic activity is further stagnant due to refraining from going out and requests for leave, and the economy is declining significantly.
For this reason, at the meeting, we will discuss additional monetary easing that supports the economy, and we will discuss aggressively buying JGBs for as long as necessary in order to supply ample funds at low interest rates. .
In addition, we will consider further measures to increase the purchase of corporate bonds, CP and commercial paper issued by companies in order to support companies' difficult cash flow, and to make it easier to raise funds.
The BOJ has just taken additional monetary easing at its March meeting, which will be the first under President Kuroda if he makes two consecutive decisions.
In response to the spread of the new coronavirus infection, the government is also issuing new government bonds and embarking on a large-scale economic measure, and the BOJ will decide the immediate monetary policy by mobilizing the policy at the meeting on the 27th is.
Minister for Economic Revitalization Nishimura also attended
At the BOJ's monetary policy meeting held on the 27th, the minister in charge of economic revival from the government will also attend.
It is customary for the Cabinet Office to be attended by the Deputy Minister from the Cabinet Office, but with the attendance of the minister himself following the previous meeting last month, the government and the Bank of Japan are united in this situation. It seems that there is an aim to show inside and outside that we are dealing with.