National
Representative Image

BOJ keeps policies unchanged

Jul 15, 2020

Tokyo (Japan), July 15: The Bank of Japan has decided to keep its current easing policies in place.
It is maintaining its program worth about one trillion dollars to support companies hit by the coronavirus pandemic.
On Wednesday, Policymakers wrapped up a two-day meeting in which they decided to keep the policy of buying unlimited amounts of government bonds to stimulate the economy.
The BOJ also released its latest quarterly economic report. In it, the outlook for the current fiscal year is for negative growth minus 4.7 percent. That's due to the economic downturn caused by the pandemic.
The number of coronavirus cases is surging in the United States, and there is also growing concern in Tokyo about the further spread of the coronavirus.
The bank has stressed that it will take additional monetary easing measures without hesitation if an increase in infections deals a further blow to the economy.
Source: NHK World