Support system for new corona measures at BOJ Monetary Policy Meeting to effect check June 15, 4:19
The BOJ will hold a monetary policy meeting from the 15th. As the impact of the new coronavirus spreads across economic activities, the meeting will analyze the current economic situation and check how effective the new systems that have been introduced to support the cash flow of companies have been. I will.
The Bank of Japan will hold a monetary policy meeting on the 15th to 2nd day to discuss the current economic situation and current policies.
As the economy fell sharply due to the spread of the new coronavirus, the Bank of Japan added additional monetary easing to buy ample amount of JGBs and supply ample funds in conjunction with government measures from March to last month. In addition, in order to support the cash flow of companies, we decided one after another to introduce a new system that encourages financial institutions to lend money at an interest rate of 0%. Funding support measures amounted to 100 trillion yen on the 12th of last week, as the government's second supplementary budget was established.
Within the BOJ, there are many views that economic activity is gradually resuming but the difficult situation will continue. For this reason, the meeting is looking to maintain the current large-scale monetary easing measures, and will check how effective the new cash-flow support system is.
However, there is concern about the second wave of the spread of the infection again, and the stock market became unstable last week, so what kind of measures should be taken in preparation for further economic downturn and financial market turmoil I think we will discuss it.