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Kuroda briefs Suga on BOJ’s coronavirus steps

Tokyo, June 23 (Jiji Press)–Bank of Japan Governor Haruhiko Kuroda at a meeting on Wednesday briefed Prime Minister Yoshihide Suga on the central bank’s recent decision to extend its corporate financing support measures related to the novel coronavirus crisis.


Kuroda revealed this in talks with reporters after the meeting, which was held at the prime minister’s office.


The six-month extension of the BOJ measures until the end of March 2022 was decided at the bank’s two-day monetary policy meeting through Friday.


Suga and Kuroda also exchanged views on the economic situations in and outside Japan, and recent developments on the financial and capital markets.


In addition, Kuroda explained to Suga the BOJ’s plan to introduce by year-end a new fund supply scheme designed to encourage private financial institutions to increase loans and investment related to the fight against climate change. The Suga administration aims to achieve carbon neutrality in Japan by 2050.


Suga “made no particular requests” regarding the BOJ’s monetary policy, according to Kuroda.


The two meet at the prime minister’s office from time to time for talks on the economic and financial situations. The previous such meeting took place on Feb. 18.

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