The Bank of Japan will hold a meeting to decide monetary policy from the 27th to discuss the outlook for the economy and prices.
Given that exports and production are sluggish due to the effects of semiconductor shortages, etc., we are planning to lower the outlook for this year's GDP = gross domestic product growth rate again, following July.
The Bank of Japan will hold a meeting to decide monetary policy for two days from the 27th to discuss the current state of the economy and immediate policies.
Based on the fact that exports and production are sluggish due to global restrictions on the supply of raw materials and parts such as semiconductor shortages, the outlook for the growth rate of real GDP = gross domestic product for this year and 2021 is as follows. It is going to be reduced from the + 3.8% shown in July.
If we lower the outlook for GDP growth this year, it will be the second time following July.
However, it is expected that the basic scenario of the recovery of the Japanese economy will be maintained as the effects of the new coronavirus gradually ease with the progress of vaccination.
On top of that, at this meeting, the Bank of Japan is expected to decide to maintain the current large-scale easing measures to keep short-term interest rates negative and long-term interest rates to around 0% in order to continue to support the economy.