BOJ to scale back some operations amid coronavirus pandemic

- Advertisement -
- Advertisement -
- Advertisement -
- Advertisement -

The Bank of Japan said on Wednesday it would scale back some operations following the government’s decision to declare a state of emergency amid the coronavirus pandemic.

The central bank will continue operations crucial to social infrastructure such as issuing bank notes, making monetary policy decisions and ensuring smooth settlement of funds.

But it will scale back non-urgent operations such as long-term research and studies for academic papers. It will continue to release key economic indicators as usual, the BOJ said.

“The BOJ will scale back some of its operations in line with the government’s request to avoid outings,” it said in a statement.

“But we will continue operations deemed necessary as a central bank, under close coordination with the central and local governments, as well as with financial institutions.”

Prime Minister Shinzo Abe on Tuesday declared a state of emergency to fight coronavirus infections in major population centres including Tokyo, giving authorities more power to press people to stay at home and businesses to close.

The BOJ holds a quarterly meeting of its regional branch managers on Thursday via tele-conference. Its next monetary policy meeting will be held on April 27-28.


Home of Science
Follow me

- Advertisement -




Covid: Hyde Park Picture House archive details 1918-19 flu pandemicon December 24, 2021 at 1:03 am

Ledgers from a Leeds cinema reveal how the nation reacted to the Spanish flu after World War One.

Wet Leg: The band with millions of streams and just two songson November 22, 2021 at 12:56 am

The Isle of Wight indie duo say it's surreal to see how much faith fans are putting in them.

Olympics 2024: Ukraine should drop threat of boycott – IOCon February 9, 2023 at 12:44 pm

The International Olympic Committee urges Ukraine to drop threats of boycotting Paris 2024 if Russian and Belarusian athletes compete.The International Olympic Committee urges Ukraine...

BBC’s Simpson revisits Afghanistan under the Talibanon November 13, 2021 at 12:05 am

In 2001, the BBC's World Affairs editor was part of a team which entered the city when the Taliban fell.

Forced meter suspension will last for six weekson February 15, 2023 at 4:12 pm

The energy watchdog has told suppliers to halt forced installations until the end of March 2023.Image source, Getty ImagesBy Simon ReadBusiness reporter, BBC NewsThe...
Home of Science
Follow me