“Cooperation between the government and the Bank of Japan is necessary for corona response” September monetary policy decision meeting November 4, 10:58
At the Bank of Japan's monetary policy meeting in September, which coincided with the inauguration of the Suga administration, it is necessary for the government and the Bank of Japan to continue to work closely together in order for multiple members to respond to the effects of the new coronavirus. It turned out that it was showing recognition.
The Bank of Japan has announced the agenda of the monetary policy meeting held for two days until September 17, which coincided with the inauguration of the Kan administration.
According to this, several committee members recognized that it is necessary to continue to work closely with the government.
Among them, one committee member said, "In order to take prompt policy response, it is important to maintain a cooperative and cooperative system such as close information exchange between the government and central banks and major central banks." Shown.
One member also said that cooperation with the government would be particularly effective in the event of an economic crisis, and that monetary policy in the Wiz Corona era should be considered.
On the other hand, one committee member pointed out, "Given the situation where the path to achieving the price stability target has become unclear, it may be necessary to comprehensively reconsider the strategy for achieving the target."
Based on these opinions, the Bank of Japan decided at this meeting to maintain large-scale monetary easing measures and to continue cash flow support measures for companies affected by the new coronavirus.