Watching the impact of new coronas on financial institutions BOJ Governor Kuroda Governor May 14 15:46
In a speech by the BOJ Governor Kuroda, if the new coronavirus adversely affects the management of financial institutions and delays lending to companies, there is a risk that it will further push down the economy, and look carefully at the situation. I showed you some ideas.
On the 14th, the Governor of the Bank of Japan, Kuroda, gave an online lecture on the economic impact of the spread of the new coronavirus and the economic outlook.
Among them, Governor Kuroda acknowledged that the economic situation is becoming more severe as the cash flow of both large and small companies has deteriorated due to the decrease in sales and profits, and points out that the stress on the financial system is increasing. Did.
"If the impact of the spread of infection is prolonged, there is a risk that the deterioration of the real economy will affect the stability of the financial system, which will cause further downward pressure on the real economy," said the management of financial institutions. He indicated that he would look carefully at the situation so that it would not get worse and lend to companies.
In addition, he said, "If necessary, he will take extra monetary easing measures," emphasizing his stance of taking bold steps to prevent the economic downturn, and introducing a new system to support corporate cash flow. In order to do so, he said that he would like to hold an ad hoc meeting without waiting for the next monetary policy decision meeting scheduled for the middle of next month, and to urgently respond.