正常化「ゆっくりと着実に」　マイナス金利解除後の政策運営―田村日銀審議委員

　日銀の田村直樹審議委員は２７日、青森市内で講演し、マイナス金利解除後の金融政策運営について「ゆっくりと、しかし着実に金融政策の正常化を進め、異例の大規模緩和を上手に手じまいしていく」ことが重要だと強調した。今後の追加利上げは、経済・物価情勢に応じ、緩やかに進めていくことを示唆した。
　田村氏は、マイナス金利解除に加えて長短金利操作の撤廃で「金融政策の正常化への第一歩を踏み出した」と評価。正常化で目指す金利水準については「金利の上げ下げを通じて需要を調整し、物価に影響させるという金利機能が発揮できるような水準」と説明した。ただ、「当面、緩和的な金融緩和が継続すると考えている」とも述べた。（2024/03/27-12:19）

It is important for the Bank of Japan to slowly but steadily normalize monetary policy and skillfully bring its unprecedented massive monetary easing to an end, a BOJ policymaker said Wednesday.
   Naoki Tamura, a member of the BOJ's Policy Board, signaled in a speech in the northeastern city of Aomori that the central bank will gradually raise interest rates in line with economic and price developments.
   The BOJ last week lifted its negative interest rate policy, carrying out its first rate hike in 17 years. It also scrapped its yield curve control to guide long-term rates. Both were key components of the BOJ's massive easing campaign, started by former Governor Haruhiko Kuroda.
   The BOJ has taken the first step toward monetary policy normalization through last week's actions, Tamura said.
   Through the policy normalization, the bank hopes to bring interest rates to levels at which the rates can serve their function to adjust demand through their fluctuations, Tamura also said.