The Bank of Japan will hold a monetary policy meeting on the 15th to discuss the economic and price outlook based on the effects of the new coronavirus.
Based on the fact that the fourth state of emergency was declared in Tokyo, we are going to lower the outlook for the growth rate of GDP = gross domestic product this year.
The Bank of Japan will hold a monetary policy meeting for two days from the 15th to discuss the current state of the economy and immediate policies.
Based on the fact that the fourth state of emergency was declared in Tokyo from this week and the normalization of economic activities is expected to be delayed, the outlook for the growth rate of real GDP = gross domestic product for this year and 2021 is the previous time. It is going to be reduced from the + 4% shown in April.
On top of that, the current large-scale easing measures to keep short-term interest rates negative and long-term interest rates to around 0% are expected to be maintained in order to continue to support the economy.
In addition, as overseas central banks are strengthening their efforts to respond to climate change, the Bank of Japan will support investment and lending in these fields by private financial institutions. I'm going to put together.
Among these, consideration is being given to providing preferential measures such as giving a certain interest rate to the current deposits deposited by private financial institutions with the Bank of Japan according to the balance of investment and loans related to climate change response.