BoJ board member Seiji Adachi said in a speech, the number of new coronavirus case in Japan is seeing “great improvement”, with weekly average decline to a “considerable extent recently”. However, “the situation warrants careful attention, as concern over the spread of a new variant is increasing at the moment.”
He added BoJ will “closely monitor the impact of COVID-19 and will not hesitate to take additional easing measures if necessary, with a view to supporting firms’ ability to sustain their businesses”,
“If the number of COVID- 19 cases resurges and it once again becomes inevitable to have public health measures in place, for example, it could become necessary to support corporate financing.”
“The role of the COVID-19 Special Operations largely depends on developments relative to the pandemic, so it is necessary to assess such developments and their impact on corporate financing when deliberating on the next steps.”
