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 ./.