Den japanske centralbank ventes i næste uge at nedtrappe sine stimuli, der blev indført sidste år for at afværge den cash crunch, som skyldes bekæmpelsen af pandemien. Er det tegn på, at pandemien og dens økonomiske følger er ved at være på retur i Japan trods varianten Omicron? En nedtrapning af stimuliene hænger også sammen med, at de japanske virksomheder har forbedret deres finansielle situation. Det gælder også de mindre virksomheder.
BOJ seen scaling back pandemic-relief funding support – sources
The Bank of Japan is expected to decide as early as next week to scale back emergency funding support deployed last year to combat a pandemic-induced cash crunch, four sources familiar with its thinking said.
At a two-day rate review ending on Dec. 17, the BOJ is set to maintain ultra-loose monetary policy but debate whether to extend its emergency pandemic-relief programmes beyond the current the March 2022 deadline.
While details are yet to be finalised, the board is leaning toward tapering the BOJ’s corporate bond and commercial paper purchases given sharp improvements in big firms’ funding conditions, the sources said.
Another funding scheme targeting smaller firms may be scaled back, too, though a portion of it could be extended beyond March to keep supporting retailers still reeling from weak consumption, they said.
The decision will be a close call and could be delayed until January if the spread of the Omicron coronavirus variant heightens uncertainty over a fragile economic recovery, they said.
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