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MNI BRIEF: BOJ Opinions: Policy Action May Be Needed On Covid

TOKYO (MNI)

One Bank of Japan board member saw the need for the BOJ to take significant policy action depending on developments of Covid-19, at the Dec. 16-17 policy meeting, opinions of the meeting released on Monday showed.

“If the economic situation changes significantly due to the course of the pandemic, it may become necessary for the BOJ to make policy responses that go beyond facilitating corporate financing,” one member said, see: MNI STATE OF PLAY: BOJ Stays Covid Easy As Policy Lags Big CBs.

“Even if the monetary base decreases in the short run due to the revision of the Special Program proposed at this MPM, it will remain on an uptrend in the long run. Therefore, the revision will not be in contradiction with the inflation-overshooting commitment,” another member said.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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