BOJ Monetary Policy Meeting “Time to recover even when the economy bottoms out” A careful view July 27, 10:26
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At the monetary policy decision meeting held by the Bank of Japan in the middle of this month, it was understood that there was a cautious view that the economy depressed by the new coronavirus has bottomed out and started to recover, but it will take time to recover. It was.
The Bank of Japan decided at the monetary policy decision meeting held for two days until the 15th of this month that it will continue to provide 110 trillion yen in financing support measures to companies affected by the new coronavirus and maintain large-scale monetary easing measures. It was.
The main comments made at the meeting were announced on the 27th, and it was revealed that some members had recognized that the economic downturn had stopped.
However, "it will take time for structural changes to overcome infectious diseases, so it will not return to the level it had before the outbreak spread again in the next fiscal year," or "if infectious diseases re-emerge, the time for economic recovery will There is a conservative view that it will take time to pick up, saying "I can't afford to be premature, because I'll be back later."
On the other hand, with regard to monetary policy, there were many opinions that it would be appropriate to continue the current cash-flow support measures for the time being, while some also said that "we should deepen our examination of the ideal monetary policy in the Wis-Corona era." It was pointed out that monetary policy should be considered as the economy moves on the premise of a new daily life.