Bank of Japan "Economic recovery pace slower than expected" cautious view
At the monetary policy meeting held by the Bank of Japan late last month, there are a number of cautious views that the pace of economic recovery will be slower than expected as the infection of the new coronavirus spreads again, especially in Europe. I found out that it was.
At a two-day monetary policy meeting held until 29th last month, the Bank of Japan decided to continue its cash flow support measures for companies affected by the new coronavirus and to maintain large-scale monetary easing measures.
The main opinions expressed by the policymakers who attended this meeting were announced, including the opinion that "the pace of recovery will remain slow under the awareness of the risk of re-expansion of infectious diseases" and the economy. There was a series of cautious views that the recovery of the disease would be slower than expected.
Regarding monetary policy, many members said that it would be desirable to continue the current large-scale monetary easing measures, but he said, "Be extremely cautious about the possibility of sudden changes in financial markets." Deflation may take root, so caution is required in monetary policy management. "