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A security guard wearing a protective mask, left, stands outside the Bank of Japan (BOJ) headquarters in Tokyo, Japan on Monday, September 14, 2020. The Bank of Japan left the amount of the fee unchanged. purchase of bonds in a regular operation. Monday.
Photographer: Kiyoshi Ota / Bloomberg
Photographer: Kiyoshi Ota / Bloomberg
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At the Bank of Japan’s Monetary Policy Meeting is 18 days, to verify the measures from the point of view of a variety of to achieve 2% of the price stability goal, decided to publish the results from the perspective of the March meeting. It is not necessary to modify the framework of quantitative and qualitative monetary easing with manipulation of short and long-term interest rates.
The monetary policy management policy was decided by a majority in favor of maintaining the status quo. The deadline for the new Coronavirus program will be extended for six months and will be extended again if necessary.
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The 2% target price was introduced in January 2013. Governor Tohiko Kuroda has expanded the monetary easing measures with the aim of achieving early realization. However, due to the impact of falling crude prices and the new corona virus, prices are currently in negative territory.
When the Bank of Japan announced the results of the “comprehensive verification” since the introduction of quantitative and qualitative easing in September 2016, the policy of manipulating short and long-term interest rates was introduced. Regarding the 2% target, Kuroda told a meeting in October that as Corona’s influence wanes, “the weight of politics will shift to clear the way toward the stable target.”
18The National Consumer Price Index (core CPI excluding fresh food) announced in November fell 0.9% year-on-year, the biggest drop since September 2010 (1.1% less).
(Add details about policy inspection)
