At a press conference, Hiroki Yamamichi, CEO of Japan Exchange Group (JPX), said at a press conference that the Bank of Japan had changed its policy by lifting its negative interest rate policy last week and raising interest rates for the first time in 17 years. He recognized that this was a sign that he would return to Japan.
At a meeting held by the 19th of this month, the Bank of Japan lifted its negative interest rate policy, which had been the mainstay of its large-scale monetary easing policy since it was decided to introduce it in January 2016, and raised interest rates for the first time in approximately 17 years. I decided.
Regarding the shift towards normalization of Japan's monetary policy, which has continued to have an unusual response even in the world, Yamado, CEO of Japan Exchange Group, said at a regular press conference on the 25th, ``Bank of Japan Governor Ueda has He had said that a change in the economy would be possible if there was a certainty of a virtuous cycle between wages and prices, so this situation has now come to pass.This is a sign that the Japanese economy is returning to a full-fledged, sustainable growth path. I think we have passed a major milestone."
Regarding the impact of policy revisions on the market, he said, ``As the Bank of Japan carefully assessed the impact, I believe that there was no shock to the financial and capital markets, and I hope that the Bank of Japan will continue to carefully manage the market.'' ” said.