The Bank of Japan's Governor Kuroda will hold a press conference after the monetary policy meeting to help the economy develop soundly by introducing a new mechanism to support the investment and financing of private financial institutions on the issue of climate change. I emphasized the significance of it as a thing.
At the monetary policy meeting held until the 18th, the Bank of Japan decided to introduce a new financing mechanism to support climate change-responsive investment and financing by private financial institutions.
Regarding this, the Bank of Japan's Governor Kuroda said at a press conference after the meeting to decide monetary policy, "From the standpoint of a central bank, supporting the response of private financial institutions and contributing to macroeconomic stability in the long run We believe that stable prices will contribute to the sound development of the national economy, "he emphasized.
He said, "This is a new approach to support climate change in terms of monetary policy," and expressed his intention to urgently consider concrete measures for implementation within the year.
On the other hand, regarding the impact of the new coronavirus on the economy in the future, the Bank of Japan's governor Kuroda said, "Although downward pressure continues mainly in the service industry, vaccination is progressing at a faster pace than previously expected. Consumption of face-to-face services may recover faster. "
Economic impact of the new coronavirus
Regarding the impact of the new coronavirus on the economy in the future, Kuroda said, "There is still downward pressure, especially in the service industry such as eating and drinking and accommodation. On the other hand, vaccination is being carried out at a faster pace than previously expected. It is progressing, and if vaccination continues as it is, the recovery of consumption of face-to-face services may be accelerated. "
Meanwhile, Governor Kuroda revealed at a press conference that he had already been vaccinated twice.
Rising global resource prices have a positive impact on the Japanese economy
Regarding the rise in resource prices worldwide, "There may be a problem that rising corporate prices cannot be passed on to consumer prices, but rising prices are on a global economic recovery trend and demand is increasing. It reflects the rising prices. In itself, it is more likely to have a positive impact on exports and production for the Japanese economy. "