The Bank of Japan's summary of opinions from its latest policy-setting meeting suggests it may wait to see the effects of its recent measures to help companies affected by the coronavirus.
As the bank's virus-response measures have been introduced almost in full, "it is desirable to carefully confirm and examine their effects for the time being," one of the bank's nine policy board members was quoted as saying in the summary of the June 15-16 meeting.
There was also an opinion calling for the bank to prioritize securing employment through supporting corporate financing, while maintaining cooperation between fiscal and monetary polices.
At the June meeting, the bank left key interest-rate targets unchanged. It said the total amount of its support for corporate financing would reach 110 trillion yen ($1.033 trillion) from an earlier total of Y75 trillion, in line with an expansion in government programs that the central bank is supporting.
The Bank of Japan's summary of opinions don't identify members of the policy board by name.
Write to Megumi Fujikawa at megumi.fujikawa@wsj.com
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June 24, 2020 at 08:12AM
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Bank of Japan may be in wait-and-see mode - MarketWatch
"wait" - Google News
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