Regarding the "inspection" of monetary easing, which is the focus of the BOJ's monetary policy management, the BOJ's deliberation committee member Kataoka said that long-term and short-term interest rate manipulation and the purchase of ETFs = exchange-traded funds that collectively make multiple stocks, etc. He expressed his desire to focus on verifying the effects.
The Bank of Japan has conducted an "inspection" to implement more effective and sustainable monetary easing as the downward pressure on the economy and prices is expected to be prolonged due to the impact of the new coronavirus, and the results will be reported this month. It will be announced after the monetary policy meeting held for two days until the 19th.
The Bank of Japan's deliberation committee member, Kataoka, held an online round-table conference with economic officials in Gunma Prefecture, and on the premise that the current large-scale monetary easing framework will be continued for "inspection," long-term and short-term interest rate manipulation He also stated that he would like to focus on examining the effects of purchasing ETFs, which are made up of multiple stocks, on the economy and prices.
After that, he said, "It is necessary to carefully inspect the current measures and consider and explain future strategies in light of the situation where the path to achieving the price target is not clear." He emphasized the recognition that it is important to achieve the target inflation rate of 2%.