The Bank of Japan has released the "Main Opinions" of its Monetary Policy Meeting held this month.
At the meeting, while there were many opinions that it is important to continue monetary easing in order to support the economy, it is necessary to confirm the risk of interest rate rises in the case of the so-called "exit strategy" to reduce monetary easing. was also pointed out.
At the January meeting, attention was focused on whether the BOJ would revise its monetary easing measures following its December meeting. After a flurry of opinions, the Bank of Japan decided to maintain its large-scale monetary easing measures.
Members also expressed the view that it is necessary to take time to assess the effects and impact of the policy revisions made at the previous meeting, and that the so-called exit strategy should be considered as a risk of interest rate rises and market participants' preparedness. It was also pointed out that it is necessary to confirm the
On the other hand, regarding the outlook for prices that was newly announced at the meeting, "From the next fiscal year onwards, the positive margin of the consumer price index is expected to fall below 2 percent. There is an opinion that there is," and we agreed that it is necessary to ascertain trends in wages and other factors in the future.