Bank of Japan Monetary Policy Meeting in July “Corona Prolongation Risk” Pointed Out Successive September 24, 10:31

At the monetary policy meeting held by the Bank of Japan in July, it was found that there were a number of opinions pointing out the risks of the prolonged effects of the new coronavirus on the future of the Japanese economy.

The Bank of Japan has released the agenda of the monetary policy meeting held for two days until July 15.

According to this, the committee members agreed on the outlook for the Japanese economy, saying, "As economic activity resumes, it is expected to gradually improve from the latter half of the year."



On the other hand, it was found that the committee members pointed out the risks of prolonged effects of the new coronavirus.



"If the infectious disease spreads again, the time for economic recovery will be further delayed, so it is unpredictable," said one member.



"If the effects of infectious diseases are prolonged, the downward pressure on the economy will continue, and problems with the solvency of companies may become apparent and the leave of absence may become unemployed," said one member. ..



"The economy will not return to pre-infection levels in 2022, as structural changes will take time to overcome infectious diseases," said one member.



Based on these opinions, the Bank of Japan decided at this meeting to maintain large-scale monetary easing measures and to continue financing support measures for companies affected by the new coronavirus.