At the monetary policy meeting that will be held from 17th this month, the Bank of Japan will discuss raising the outlook for prices in the new fiscal year and 2022 to the + 1% level in light of rising prices of crude oil and other raw materials. I am.
The Bank of Japan will hold a monetary policy meeting for two days from 17th this month to discuss the current state of the economy and the outlook for the economy and prices.
Among these, prices are excluded from fresh foods in the new fiscal year and 2022, considering that there is a movement among companies to pass on to commodity prices against the backdrop of rising raw material prices such as crude oil. We will discuss the outlook for the consumer price index in the direction of raising it from the + 0.9% shown in October last year to the + 1% level.
In addition, regarding the outlook for prices, we have said that the downside risk is greater, but at the meeting we will discuss whether to review this evaluation.
In the United States and Europe, where inflation is accelerating, central banks are increasingly tightening monetary policy, but the BOJ's internal view is that prices will not continue to rise unless wages rise domestically. I am.
Furthermore, as the infection of Omicron strains spreads rapidly, the Bank of Japan said that it is necessary to assess the impact on the economy, and at this meeting, the Bank of Japan will make short-term interest rates negative and keep long-term interest rates at around 0%. It is a policy to maintain.