The Bank of Japan will hold a meeting to decide monetary policy from the 16th.
Governor Kuroda has expressed his intention to continue large-scale monetary easing to support the economy, and this policy is expected to be confirmed at the meeting.
The meeting will also discuss the impact of the rapid depreciation of the yen on the economy and prices.
The Bank of Japan will hold a monetary policy meeting for two days from the 16th to discuss the current state of the economy and immediate policies.
Governor Kuroda has repeatedly stated that he will continue large-scale monetary easing to support the Japanese economy, which is recovering from the decline caused by the new coronavirus, and this policy is expected to be confirmed at the meeting.
At the meeting, we will also discuss the impact of the depreciation of the yen, which has reached the level for the first time in 24 years, on Japan's economy and prices.
Kuroda said on the 13th of this month that the rapid depreciation of the yen would increase uncertainty about the future and make it difficult for companies to formulate business plans. I am.
The depreciation of the yen amid soaring energy and grain prices has the demerit of accelerating price increases and putting pressure on corporate profits and households.
Interest rates are expected to rise in the United States, where monetary tightening is accelerating. There are also concerns that it will grow.
Regarding the Bank of Japan's monetary policy, Prime Minister Kishida said at a meeting on the 15th, "I hope that you will continue to make efforts to maintain the price stability target in a sustainable and stable manner."
Given this situation, it will be interesting to see how President Kuroda will explain the future of monetary policy at a press conference after the meeting.