At its final monetary policy meeting under Governor Kuroda, the Bank of Japan decided to maintain its current large-scale monetary easing measures.


A decade of monetary easing will be succeeded in April by a new regime led by economist Governor Ueda, which will aim to achieve the 2% price stability target accompanied by wage increases.

BOJ Governor Kuroda said at a press conference on the 10th that he looked back on the large-scale monetary easing that had continued for 10 years and said it was "disappointing" that the price stability target of 2% was not achieved. I think we're a little closer to achieving that with wage increases."



New Governor Ueda, who will succeed Governor Kuroda on April 9, has announced that he intends to continue large-scale easing with the aim of achieving the price stability target of 2% while increasing wages. I'm here.



In this year's spring labor offensive, there is a series of movements to implement higher wages than usual, mainly for large companies, but the new system of the Bank of Japan is to what extent these movements, including small and medium-sized enterprises, will spread, and the price will rise stably. We will be involved in policy management while assessing whether it will be connected.



On the other hand, it has been pointed out that the prolonged large-scale easing has led to a decline in market functioning, and how to deal with these side effects is also an issue.



New Governor Ueda has positioned the next five years of his term as "five years to complete the mission of achieving price stability, which has been a longstanding challenge," and will return the current monetary easing measures to their normal state. We will also be looking for an exit.