日銀にちぎん 前回ぜんかい会合かいごうの主おもな意見いけん “トランプ関税かんぜい次第しだいで見通みとおし変かわる”

The Bank of Japan released the main opinions expressed at the previous monetary policy meeting on the 13th.

At the meeting, the outlook for economic growth and inflation rates for this fiscal year and beyond was revised downward, but many members expressed the view that the outlook could change significantly depending on the Trump administrations tariff measures, indicating a growing tendency to carefully assess the potential impact.

The Bank of Japan, at a meeting held through the 1st of this month, decided to maintain its monetary policy due to increased uncertainty caused by the Trump administration’s tariff measures in the United States, and also lowered its forecasts for economic growth and inflation rate for this fiscal year and beyond.

In the main opinions released by the Bank of Japan on the 13th regarding this meeting, while some committee members expressed concerns about the impact of tariff measures, there were also comments such as the current outlook remains provisional and the outlook itself could fluctuate up or down amid extremely high uncertainty. There were a series of opinions stating that the outlook could change significantly depending on future developments in tariff measures.

Also, while there are opinions that monetary policy should maintain a stance of additional rate hikes, there are also views that we have no choice but to remain in wait-and-see mode, indicating an increasingly cautious approach to assessing the impact.

As the situation regarding tariff measures changes, such as the United States and China agreeing to significantly reduce the additional tariffs they have imposed on each other, the focus will be on how the Bank of Japan will make policy decisions going forward.