The Bank of Japan has released the minutes of last month's meeting, which decided to carry out "inspections" to implement more effective and sustainable monetary easing.
It was found that there was an opinion that the BOJ should seek a flexible response to the purchase of ETFs = exchange-traded funds, etc., in order to supply a large amount of funds to the financial markets, depending on the market conditions.
At the monetary policy meeting held for two days until the 18th of last month, the Bank of Japan conducted an "inspection" to implement more effective and sustainable monetary easing toward achieving the target of 2% inflation. I decided to do it.
The summary of the proceedings was announced, and some members said, "Given that the economic downturn caused by the new coronavirus will continue for the time being, it is necessary to be prepared that it will take a considerable amount of time to achieve the price stability target. There is. "
In discussions on future monetary policy management, many committee members said that it was appropriate to check various measures, saying that it was not necessary to change the framework of the current large-scale monetary easing. It means that it showed.
Regarding the purchase of ETFs, several committee members said, "Amid the prolonged monetary easing, we also pay attention to the impact on market functions and the financial stability of the Bank of Japan, and flexibly adjust according to market conditions. We should look for room for it. "
Another committee member also pointed out that "it is worth considering whether there is room for further ingenuity."
The Bank of Japan, the results of the "inspection", we want to publish to the prospect of the meeting of this year March.