Bank of Japan Governor Kuroda gave a speech at a round-table conference with Kansai economic organizations held in Osaka on the 26th. He emphasized the stance of continuing large-scale monetary easing in order to boost the
Among them, Governor Kuroda commented on the current price hike, saying, "Rather than a rise in domestic demand, it is thought to be due to higher costs associated with higher resource prices and the weaker yen. International commodity prices continue to rise. Unless that is the case, upward pressure on prices is expected to gradually diminish from the beginning of the year," he said, expressing his view that the current rise in prices is temporary.
He then emphasized his stance of continuing with large-scale monetary easing, stating, "By continuing monetary easing, we will firmly support the economy from the demand side and support the formation of a virtuous cycle that will lead to wage increases." did.
In response to this, Makoto Takashima, president of Sumitomo Mitsui Banking Corporation and chairman of the Osaka Bankers Association, said, "The future is becoming more uncertain, with the depreciation of the yen progressing and upward pressure on long-term interest rates. These various changes in the external environment Based on this, I would like to ask the Bank to proceed with flexible policy management that emphasizes dialogue with the market while examining both the effects and side effects of large-scale monetary easing policies."