The Bank of Japan's Governor Kuroda said in a lecture in Tokyo on the 6th that, unlike Europe and the United States, the Japanese economy has not recovered to the level before the spread of the new corona, and "there is no situation to tighten monetary policy." He emphasized the policy of continuing the current large-scale monetary easing.
In this, Governor Kuroda commented on the current state of the Japanese economy, saying, "On the way to recovery from the decline caused by infectious diseases, unlike Europe and the United States, we have not been able to recover the level before the spread of infection. In addition, Japan is a resource importing country, and recently. There is downward pressure on income due to rising international resource prices. "
"We are not in a position to tighten monetary policy at all. Supporting economic activity is a top priority," he said.
Furthermore, Governor Kuroda said, "It is necessary to create a virtuous cycle in which wages and prices rise synergistically. The Bank of Japan should provide an environment in which wages are likely to rise, leading to a sustainable rise in prices. We will continue monetary easing with an unwavering stance, "he emphasized the stance of continuing the current large-scale monetary easing.