緊急事態受け、成長率引き下げ　日銀会合、緩和策は維持

Bank of Japan meeting mitigation measures maintained

At the monetary policy meeting on the 21st, the Bank of Japan decided to maintain the current monetary easing measures. In the "Economic and Price Outlook (Prospect Report)" summarized this time, the real economic growth rate in 2020 was revised downward from the previous October last year in response to the declaration of emergency due to the re-expansion of the new coronavirus infection. On the other hand, the economic judgment that the economy is "recovering" was maintained in light of the recovery of the manufacturing industry and the government's new economic measures.

The real growth rate in FY2018 was minus 5.7 to minus 5.4% (minus 5.6%) from minus 5.6 to minus 5.3% (median minus 5.5%) in October last year. And said. It is expected that the government will refrain from going out due to the state of emergency, and consumption of services such as eating and drinking will drop further. On the other hand, in FY2019, it was raised from the previous 3.0-3.8% (median 3.6%) to 3.3-4.0% (3.9%). It was revised upward for FY2020 as well. The median consumer price index for FY2008 has been revised upward from the previous minus 0.6% to 0.5%.

At the meeting in December last year, the Bank of Japan extended the deadline for cash flow support and market stabilization measures for the new corona problem for half a year until September this year. We will continue to take measures such as flowing money to financial institutions that support the management and employment of companies on favorable terms and expanding the purchase limit of corporate bonds and commercial paper (CP) issued by companies to raise funds.

Source: https://www.asahi.com/articles/ASP1P43PYP1NULFA003.html