At the Bank of Japan's monetary policy meeting held in March, it was found that policymakers pointed out that it is important to curb the rise in long-term interest rates in order to maintain the effects of monetary easing.
The Bank of Japan has released the agenda of the monetary policy meeting held for two days from March 17th.
Among them, several policymakers said, "With the acceleration of interest rate hikes expected in the United States, there is a possibility that upward pressure on Japan's long-term interest rates will increase, but to suppress the upward pressure in order to maintain the effect of monetary easing. Is important. "
In late March after this meeting, the Bank of Japan implemented for the first time a measure called "continuous limit operation" to buy unlimited government bonds at a specified yield for a certain period of time in order to curb the rise in long-term interest rates. It seems that it was done.
In addition, regarding the outlook for prices, it was pointed out that it could reach about 2% after April against the backdrop of rising energy prices, but it was confirmed that monetary easing would continue as it was not accompanied by rising wages. Did.
On the other hand, the committee member said, "If you explain the price situation and monetary policy stance only by counting excluding fresh food and energy, which are closely related to people's lives, it may be difficult to gain widespread public understanding." It was pointed out that it is necessary to carefully explain that the current price increase is different from the stable price increase that the Bank of Japan is aiming for.