Nhat Ban: BoJ maintains the super-long monetary policy to support the economy of 1
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Japan: BoJ maintains a super-liquid monetary policy to support the economy

Nhat Ban: BoJ maintains the super-long monetary policy to support the economy of 1The view outside the headquarters of the Bank of Japan (BOJ) headquarters in Tokyo, Japan. (Photo: AFP / VNA)

September 17, just one day after the reception Prime Minister of Japan Yoshihide Suga take office, Central Bank of Japan (BoJ) has decided to keep the ultra-liquid monetary policy intact to support the domestic economy struggling with the COVID-19 acute respiratory infections.

At the end of the two-day session, the BoJ Policy Council decided to keep short-term rates at minus 0.1% and long-term rates around 0%.

Besides, BoJ will continue to take measures to support capital for troubled companies.

[Doanh nghiệp Nhật Bản mong đợi Chính phủ mới thực hiện các cải cách]

For the asset purchase program, BoJ will continue to buy unlimited government bonds from financial institutions and buy foreign exchange trading fund certificates (ETFs) at a maximum of 12,000 billion yen (114 billion yen). USD) / year.

In the announcement released after the session, BoJ said “background Japanese economy recovery began as economic activity resumed gradually, although the economy was still in a difficult state due to the effects of the COVID-19 epidemic at home and abroad. ”

Previously, on September 16, new Prime Minister Suga took office with a pledge to continue the Abenomics economic policies of his predecessor, with three main pillars: super-liquid monetary policy, increasing public spending and structural reform ./.

Dao Thanh Tung (VNA / Vietnam +)


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