The Bank of Japan's Governor Kuroda said that he had no intention of reviewing the current large-scale easing framework for conducting "inspections" to implement more effective and sustainable monetary easing. He expressed his intention to consider flexible measures according to the situation.
At this month's monetary policy meeting, the Bank of Japan decided to carry out an "inspection" to implement more effective and sustainable monetary easing to achieve the 2% inflation target. ..
Kuroda President about this, but to publicize the prospect of "results meeting of March next year in a speech at the Keidanren, now of large-scale monetary easing measures including the 10 months that the infection has spread of the new coronavirus It's working properly. I don't think we need to rethink the framework. "
On top of that, "While the corona wreck has forced us to make it even longer, we need to devise ways to sustain monetary easing, but if we continue for a long time, the mechanism will be hardened. If there is, I would like to implement it. "As a result of the inspection, he said that he would consider flexible measures as needed.
On the other hand, Governor Kuroda said that the downward pressure on the economy and prices is expected to continue for a long period of time due to the influence of the new coronavirus, but "for now, prices are generally and continuously falling. I don't think it will return to deflation. "