BOJ Governor Financial Support “Expansion/Expansion as needed” New Corona June 16 18:34
At the monetary policy meeting held until the 16th, the Bank of Japan decided to maintain the current large-scale monetary easing measures to support the extremely severe economy under the influence of the new coronavirus. The framework for corporate financial support was also increased to 110 trillion yen, and President Kuroda emphasized the idea of further expanding the framework if necessary at a press conference after the meeting.
In this, Governor Kuroda said of the current state of cash flow of companies, "It is still stressful, but the financing environment is still easing due to the efforts of private financial institutions." He acknowledged that the support measures of the government and the Bank of Japan have been effective.
In addition, Governor Kuroda said, "Depending on how the effects of the new coronavirus will continue, we are ready to take additional mitigation measures if necessary. We will expand and expand our funding support program as necessary. Yes, and emphasized the idea of expanding the framework for cash flow support as necessary in the future.
Governor Kuroda said, "The impact of the new coronavirus may be prolonged, and in that case it will be necessary to continue measures for a long time. In addition to the conventional easing measures such as lowering interest rates, new measures may be needed. Therefore, I would like to think flexibly.” He showed the possibility of considering new measures in addition to the current series of measures.