Mr. Toyoaki Nakamura appointed as BOJ deliberation member

Mr. Toyoaki Nakamura appointed as BOJ deliberation member Priority for financial support for companies 22:10 on July 1

Mr. Toyoaki Nakamura, who is from a major electronics manufacturer "Hitachi Ltd.", was appointed as a committee member to decide the monetary policy of the Bank of Japan, recognizing that the Bank of Japan should give priority to financing support for companies affected by the new coronavirus.

Mr. Nakamura served as Vice President of Finance at Hitachi, Ltd. and became a new member of the BOJ's deliberative committee as of the 1st.

At the inaugural press conference, Mr. Nakamura commented on the current state of the economy, saying "Demand seems to have evaporated. There is hope that the economy will bottom out in the first half of this year and return to the second half a little, but recovery will come someday. Is difficult."

Regarding the BOJ's monetary policy, which aims to raise prices by 2%, "Currently, companies have considerably decreased sales, and I think it would be a problem if prices were raised. "It will not cause clogging," he said, recognizing that funding support for companies affected by the new coronavirus should be prioritized.