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Enhancement of Monetary Easing in Light of the Impact of the Outbreak of COVID-19
Global financial and capital markets have been unstable with growing uncertainties over the global economy due mainly to the impact of COVID-19. Under the circumstances, Japan's economic activity has been week recently. In addition, financial conditions have become less accommodative, as seen partly in corporate financing such as the financial positions of small and medium-sized firms. Given these developments, the Bank of Japan judged it appropriate to enhance monetary easing through 1. the further ample supply of funds by conducting various operations including the purchase of the Japanese Government Bonds (JGBs) ... (full story)