Global economy likely to gradually recover if no big 2nd wave of infections.
Inflation likely to gradually accelerate in Japan but hard to foresee it nearing 2% during projected 3-year period under quarterly report
In crisis times like now, policy coordination between govt, BOJ is effective.
BOJ’s bond buying is conducted for monetary policy purposes, not to bank-roll govt debt.
BOJ’s basic role is to provide liquidity, govt has schemes ready to deal with companies that face solvency problems.
BOJ ready to take additional easing steps without hesitation with eye on pandemic impact on economy, prices.
There is high uncertainty how pandemic affects economy, markets.
BOJ will strive to maintain stability in markets, corporate funding with its ‘three pillar’ policy means.
developing story ….
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