Bank of Japan Monetary Policy Meeting Summary “Carefully Explain the Necessity of Monetary Easing”

The Bank of Japan has released the minutes of its monetary policy meeting held in September this year.

Policy board members repeatedly pointed out the need to continue monetary easing in order to achieve a stable rise in prices accompanied by wage increases. Opinions were also expressed that it should.

The Bank of Japan has released the minutes of its monetary policy meeting held in September this year.

Regarding prices, the view was expressed that companies are increasingly passing on prices to prices. It is necessary to go.”

On the other hand, it was pointed out one after another that it was necessary to continue with the current monetary easing, arguing that a stable rise in prices accompanied by an increase in wages has not been achieved.

At the meeting, the Bank of Japan decided to maintain large-scale monetary easing measures, but in response to this, the yen depreciated rapidly in the foreign exchange market, and the government and the Bank of Japan decided to intervene in the market.

At the meeting, regarding the rapidly depreciating yen, several members pointed out that monetary policy should not directly target the exchange rate, and that the need for monetary easing should be carefully explained.

At the meeting, on the other hand, regarding the so-called "exit strategy," which reduces monetary easing, an opinion was expressed that "when the right time comes, it will be important to communicate appropriately with the market regarding the exit strategy as well." rice field.