The Bank of Japan has released the agenda of the monetary policy meeting held in October this year.
The policymakers expressed caution about restrictions on the supply of parts such as semiconductor shortages and the re-expansion of the new corona infection.
The Bank of Japan has announced the agenda of the monetary policy meeting held in late October.
According to the report, regarding the restrictions on the supply of parts such as semiconductors, one member said, "It is spreading not only to automobiles but also to related industries and other products," and another member said, "The problem of power shortage in China." It is necessary to be careful if the impact on the Chinese economy and the global supply chain will increase. "
Regarding the price situation, one member pointed out that "the rise in energy prices will continue for a long period of time, which may put upward pressure on prices," and another member said, "The rise in corporate prices has already risen significantly." There is a possibility that the pass-through to consumer prices will increase. "
On the other hand, the committee member added, "It is not very likely that a surge like the United States will occur."
In addition, they agreed that there is a great deal of uncertainty about the impact of the new corona on consumption, and one committee member said, "While it is not very clear why the fifth wave of infection has converged, there is a sense of caution about the sixth wave. It is deep-rooted, and it is necessary to pay attention to the sustainability of the recovery of consumption. "