The Bank of Japan decided to maintain the current large-scale monetary easing measures at the monetary policy meeting held for two days until the 10th.
This will be the last meeting for Governor Kuroda, who will end his term next month, and the large-scale monetary easing measures that have been in place for 10 years will be handed over to the new regime.
At this meeting, the Bank of Japan unanimously decided to maintain a large-scale monetary easing policy that keeps short-term interest rates negative and long-term interest rates around 0%.
In addition, the fluctuation range of long-term interest rates remains at plus or minus 0.5%.
With the aim of correcting the distorted interest rate level, which has been a problem as a side effect of the long-term monetary easing measures, we decided to maintain the policy that was partially revised in December last year.
In the financial markets, there was some speculation that the BOJ would further revise its monetary easing measures because the distortion in interest rate levels had not been completely corrected, but the BOJ needs to assess the effects of such revisions. It seems that it was determined that there was
This was the last meeting for Governor Kuroda, who will end his term on the 8th of next month, but the large-scale monetary easing measures that have continued for 10 years have been taken over by the new system, and the 2% price stability target has been achieved along with wage increases. will be aimed at.