Bank of Japan Monetary Policy Meeting from Today Monetary Easing Measures to be Maintained

Bank of Japan Monetary Policy Meeting from Today Monetary Easing Measures to be Maintained September 16 4:02

The Bank of Japan will hold a meeting to decide monetary policy from the 16th.

Although the domestic economy is showing signs of picking up in exports, discussions are expected to proceed in the direction of maintaining the current large-scale monetary easing measures in light of the prolonged impact of the new coronavirus.

The Bank of Japan will hold a monetary policy meeting on the 16th and 17th.

Regarding the current state of the domestic economy, although the effects of the new coronavirus continue, economic activity is gradually resuming and exports are picking up, so we will review the economic judgment that it is "extremely difficult". I will discuss whether or not.

However, given that the impact is protracted mainly in the service industry such as food and drink and accommodation, the current large-scale monetary easing policy is to purchase government bonds without an upper limit so that long-term interest rates will remain at around 0%, and short-term interest rates will continue to be negative. It is expected that discussions will proceed in the direction of maintaining monetary support measures for companies affected by the new Corona.

The government and the Bank of Japan issued a joint statement in January 2013 to break out of deflation and achieve sustainable economic growth, with the Bank of Japan setting a clear goal of achieving a 2% inflation rate in about two years. I raised it.

The Bank of Japan's governor, Kuroda, who took office after that, embarked on a large-scale monetary easing called "another dimension" and the yen depreciated and stock prices rose, but the target of a price increase rate of 2% has not yet been achieved.

Governor Kuroda will hold a press conference after the meeting on the 17th, and the market is paying close attention to his remarks on how the new administration, which will be launched on the 16th, and the Bank of Japan will work together to overcome deflation.