The Bank of Japan's Governor Kuroda said at the House of Councilors' Finance and Finance Committee that the Japanese economy is in the process of recovery. He reiterated his willingness to continue large-scale monetary easing.
In this, Governor Kuroda pointed out that the Japanese economy is in the process of recovering from the decline caused by the new coronavirus and is also affected by rising resource prices.
On top of that, "If monetary policy is reduced too quickly, domestic demand such as capital investment will be further pushed down. As corporate profits, employment and wages improve by firmly supporting economic activities, prices will rise moderately. I want to aim to form a cycle, "he said, reiterating his stance of persistently continuing the current large-scale monetary easing.
On the other hand, in response to the fact that he said in his lecture on the 6th that "the tolerance for price increases in households is increasing," Kuroda said, "In the context of emphasizing the importance of rising wages." In any case, I would like to carefully inspect household income environment, perceived prices, and trends in minds and utilize them for appropriate monetary policy management. " I would like to accept the criticism about it. "
Chief Cabinet Secretary Matsuno "Need to pay close attention to the downside risk of the economy"
Chief Cabinet Secretary Matsuno said at a press conference that the Bank of Japan's Governor Kuroda said in a lecture that "the tolerance for price increases in households is increasing" over the soaring prices of foodstuffs and other items. We refrain from commenting. It is necessary to pay close attention to the downside risk of the economy, as soaring crude oil prices and prices due to the situation in Ukraine will push down private consumption and corporate activities through deterioration of mindset and decline in real purchasing power. There is. "
On top of that, "We will swiftly implement measures incorporated in emergency measures, such as curbing the rise in domestic prices of gasoline and wheat, and providing detailed support to those who are truly in need, such as the poor and low-income people. I want to deliver it. "