The Bank of Japan decided to "maintain large-scale monetary easing" at its monetary policy meeting on the 28th.
At the same time, it raised its consumer price inflation forecast for the current fiscal year to 2.9%.
It has been pointed out that the difference in policy direction between the United States, which continues to tighten monetary policy, and the Bank of Japan, which maintains ultra-low interest rates, is causing the historically weak yen for the first time in 32 years. What kind of remarks does Governor Kuroda make?
We will update you from time to time.
the flow of the meeting
Kuroda's press conference will be held at the Bank of Japan's head office in Nihonbashi Hongokucho, Tokyo.
It is held after every monetary policy meeting.
At the press conference, Governor Kuroda first explained the decisions made at the meeting.
He then answers questions from reporters.
At the press conference after the previous meeting on September 22, Governor Kuroda said, "For the time being, we will not raise interest rates," prompting the depreciation of the yen.
Immediately after that, for the first time in 24 years, the government and the Bank of Japan decided to intervene in the market by selling the dollar and buying the yen on a large scale.