{"id":78986,"date":"2026-05-12T08:57:33","date_gmt":"2026-05-12T01:57:33","guid":{"rendered":"https:\/\/hbbgroup.net\/boj-summary-of-opinions-member-says-bank-may-need-to-tackle-risk-of-rising-price-deviations\/"},"modified":"2026-05-12T09:15:02","modified_gmt":"2026-05-12T02:15:02","slug":"tom-tat-y-kien-boj-mot-thanh-vien-cho-rang-ngan-hang-co-the-can-xu-ly-rui-ro-lam-phat-tang-lech-khoi-muc-tieu","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/tom-tat-y-kien-boj-mot-thanh-vien-cho-rang-ngan-hang-co-the-can-xu-ly-rui-ro-lam-phat-tang-lech-khoi-muc-tieu\/","title":{"rendered":"T\u00f3m t\u1eaft \u00fd ki\u1ebfn BoJ: M\u1ed9t th\u00e0nh vi\u00ean cho r\u1eb1ng ng\u00e2n h\u00e0ng c\u00f3 th\u1ec3 c\u1ea7n x\u1eed l\u00fd r\u1ee7i ro l\u1ea1m ph\u00e1t t\u0103ng l\u1ec7ch kh\u1ecfi m\u1ee5c ti\u00eau."},"content":{"rendered":"<div id=\"post-content-section\">\n<p>Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Nh\u1eadt B\u1ea3n (BoJ) \u0111\u00e3 c\u00f4ng b\u1ed1 T\u00f3m t\u1eaft \u00dd ki\u1ebfn t\u1eeb cu\u1ed9c h\u1ecdp ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 th\u00e1ng 4, v\u1edbi c\u00e1c n\u1ed9i dung ch\u00ednh nh\u01b0 sau:<\/p>\n<p>Tr\u00edch d\u1eabn ch\u00ednh<\/p>\n<ul>\n<li>M\u1ed9t th\u00e0nh vi\u00ean cho r\u1eb1ng l\u00e3i su\u1ea5t th\u1ef1c hi\u1ec7n v\u1eabn \u0111\u1ee7 th\u1ea5p \u0111\u1ec3 h\u1ed7 tr\u1ee3 c\u00e1c \u0111\u1ee3t t\u0103ng l\u00e3i su\u1ea5t ti\u1ebfp theo.<\/li>\n<li>M\u1ed9t th\u00e0nh vi\u00ean BoJ cho bi\u1ebft ng\u00e2n h\u00e0ng c\u00f3 th\u1ec3 c\u1ea7n x\u1eed l\u00fd r\u1ee7i ro l\u1ea1m ph\u00e1t t\u0103ng l\u1ec7ch kh\u1ecfi m\u1ee5c ti\u00eau.<\/li>\n<li>M\u1ed9t th\u00e0nh vi\u00ean n\u00f3i t\u00e1c \u0111\u1ed9ng t\u1eeb t\u00ecnh h\u00ecnh Trung \u0110\u00f4ng r\u1ea5t kh\u00f3 d\u1ef1 \u0111o\u00e1n v\u00e0 BoJ n\u00ean gi\u1eef quan \u0111i\u1ec3m ch\u1edd \u0111\u1ee3i, quan s\u00e1t t\u1ea1i cu\u1ed9c h\u1ecdp.<\/li>\n<li>M\u1ed9t th\u00e0nh vi\u00ean cho r\u1eb1ng vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t nh\u1eb1m ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t \u1edf th\u1eddi \u0111i\u1ec3m hi\u1ec7n t\u1ea1i c\u00f3 th\u1ec3 g\u00e2y t\u1ed5n h\u1ea1i \u0111\u1ebfn \u0111\u00e0 ph\u1ee5c h\u1ed3i kinh t\u1ebf.<\/li>\n<li>Kh\u1ea3 n\u0103ng t\u0103ng l\u00e3i su\u1ea5t \u1edf cu\u1ed9c h\u1ecdp t\u1edbi v\u1eabn cao d\u00f9 tri\u1ec3n v\u1ecdng Trung \u0110\u00f4ng c\u00f2n b\u1ea5t \u1ed5n.<\/li>\n<li>M\u1ed9t th\u00e0nh vi\u00ean ph\u00e1t t\u00edn hi\u1ec7u ch\u01b0a c\u1ea7n h\u00e0nh \u0111\u1ed9ng v\u1ed9i ngay l\u00fac n\u00e0y nh\u01b0ng v\u1eabn \u1ee7ng h\u1ed9 t\u0103ng l\u00e3i su\u1ea5t s\u1edbm n\u1ebfu kinh t\u1ebf kh\u00f4ng suy gi\u1ea3m r\u00f5 r\u1ec7t.<\/li>\n<li>M\u1ed9t th\u00e0nh vi\u00ean cho bi\u1ebft l\u00e3i su\u1ea5t th\u1ef1c c\u1ee7a Nh\u1eadt hi\u1ec7n th\u1ea5p nh\u1ea5t to\u00e0n c\u1ea7u v\u00e0 BoJ c\u1ea7n ti\u1ebfp t\u1ee5c \u0111i\u1ec1u ch\u1ec9nh m\u1ee9c l\u00e3i su\u1ea5t th\u1ef1c \u00e2m tr\u01b0\u1edbc khi c\u00e1c t\u00e1c \u0111\u1ed9ng v\u00f2ng hai xu\u1ea5t hi\u1ec7n.<\/li>\n<li>M\u1ed9t th\u00e0nh vi\u00ean n\u00f3i BoJ c\u1ea7n ng\u0103n ch\u1eb7n r\u1ee7i ro l\u1edbn v\u1ec1 vi\u1ec7c l\u1ea1m ph\u00e1t t\u0103ng m\u1ea1nh khi \u0111i\u1ec1u h\u00e0nh ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7.<\/li>\n<li>M\u1ed9t th\u00e0nh vi\u00ean cho r\u1eb1ng l\u00e3i su\u1ea5t ch\u00ednh s\u00e1ch hi\u1ec7n v\u1eabn d\u01b0\u1edbi m\u1ee9c trung l\u1eadp, v\u00ec v\u1eady BoJ c\u1ea7n ti\u1ebfp t\u1ee5c t\u0103ng l\u00e3i su\u1ea5t v\u00e0i th\u00e1ng m\u1ed9t l\u1ea7n.<\/li>\n<li>M\u1ed9t th\u00e0nh vi\u00ean nh\u1eadn \u0111\u1ecbnh n\u1ebfu r\u1ee7i ro l\u1ea1m ph\u00e1t t\u0103ng m\u1ea1nh h\u01a1n, BoJ ph\u1ea3i \u0111\u1ea9y nhanh t\u1ed1c \u0111\u1ed9 t\u0103ng l\u00e3i su\u1ea5t m\u00e0 kh\u00f4ng \u0111\u01b0\u1ee3c tr\u00ec ho\u00e3n.<\/li>\n<li>M\u1ed9t th\u00e0nh vi\u00ean cho bi\u1ebft c\u0103ng th\u1eb3ng Trung \u0110\u00f4ng k\u00e9o d\u00e0i c\u00f3 th\u1ec3 khi\u1ebfn BoJ n\u00e2ng l\u00e3i su\u1ea5t l\u00ean m\u1ee9c trung l\u1eadp s\u1edbm h\u01a1n.<\/li>\n<li>M\u1ed9t th\u00e0nh vi\u00ean n\u00f3i t\u00ecnh h\u00ecnh Trung \u0110\u00f4ng v\u1eabn r\u1ea5t b\u1ea5t \u0111\u1ecbnh v\u00e0 m\u1ecdi k\u1ecbch b\u1ea3n \u0111\u1ec1u cho th\u1ea5y r\u1ee7i ro l\u1ea1m ph\u00e1t t\u0103ng cao h\u01a1n.<\/li>\n<li>M\u1ed9t th\u00e0nh vi\u00ean c\u1ea3nh b\u00e1o c\u00e1c h\u1ea1n ch\u1ebf ph\u00eda ngu\u1ed3n cung c\u00f3 th\u1ec3 g\u00e2y ra c\u00e1c \u0111\u1ee3t t\u0103ng gi\u00e1 m\u1ea1nh.<\/li>\n<\/ul>\n<p>Ph\u1ea3n \u1ee9ng th\u1ecb tr\u01b0\u1eddng<\/p>\n<p>Sau khi BoJ c\u00f4ng b\u1ed1 T\u00f3m t\u1eaft \u00dd ki\u1ebfn, c\u1eb7p USD\/JPY t\u0103ng 0,36% trong ng\u00e0y l\u00ean m\u1ee9c 157.25 t\u1ea1i th\u1eddi \u0111i\u1ec3m vi\u1ebft b\u00e0i.<\/p>\n<p>C\u00e2u h\u1ecfi th\u01b0\u1eddng g\u1eb7p v\u1ec1 Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Nh\u1eadt B\u1ea3n (BoJ)<\/p>\n<p>Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Nh\u1eadt B\u1ea3n (BoJ) l\u00e0 ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng c\u1ee7a Nh\u1eadt B\u1ea3n, ch\u1ecbu tr\u00e1ch nhi\u1ec7m thi\u1ebft l\u1eadp ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 trong n\u01b0\u1edbc. Nhi\u1ec7m v\u1ee5 c\u1ee7a BoJ l\u00e0 ph\u00e1t h\u00e0nh ti\u1ec1n gi\u1ea5y v\u00e0 th\u1ef1c hi\u1ec7n ki\u1ec3m so\u00e1t ti\u1ec1n t\u1ec7 nh\u1eb1m \u0111\u1ea3m b\u1ea3o \u1ed5n \u0111\u1ecbnh gi\u00e1 c\u1ea3, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng m\u1ee5c ti\u00eau l\u1ea1m ph\u00e1t kho\u1ea3ng 2%.<\/p>\n<p>BoJ b\u1eaft \u0111\u1ea7u tri\u1ec3n khai ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 si\u00eau n\u1edbi l\u1ecfng t\u1eeb n\u0103m 2013 nh\u1eb1m k\u00edch th\u00edch n\u1ec1n kinh t\u1ebf v\u00e0 th\u00fac \u0111\u1ea9y l\u1ea1m ph\u00e1t trong b\u1ed1i c\u1ea3nh l\u1ea1m ph\u00e1t th\u1ea5p k\u00e9o d\u00e0i. Ch\u00ednh s\u00e1ch c\u1ee7a ng\u00e2n h\u00e0ng d\u1ef1a tr\u00ean ch\u01b0\u01a1ng tr\u00ecnh N\u1edbi l\u1ecfng \u0110\u1ecbnh l\u01b0\u1ee3ng v\u00e0 \u0110\u1ecbnh t\u00ednh (QQE), t\u1ee9c in ti\u1ec1n \u0111\u1ec3 mua c\u00e1c t\u00e0i s\u1ea3n nh\u01b0 tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 ho\u1eb7c tr\u00e1i phi\u1ebfu doanh nghi\u1ec7p nh\u1eb1m b\u01a1m thanh kho\u1ea3n v\u00e0o n\u1ec1n kinh t\u1ebf. N\u0103m 2016, BoJ ti\u1ebfp t\u1ee5c n\u1edbi l\u1ecfng h\u01a1n n\u1eefa b\u1eb1ng c\u00e1ch \u00e1p d\u1ee5ng l\u00e3i su\u1ea5t \u00e2m v\u00e0 ki\u1ec3m so\u00e1t tr\u1ef1c ti\u1ebfp l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 k\u1ef3 h\u1ea1n 10 n\u0103m. \u0110\u1ebfn th\u00e1ng 3\/2024, BoJ \u0111\u00e3 n\u00e2ng l\u00e3i su\u1ea5t, \u0111\u00e1nh d\u1ea5u s\u1ef1 r\u00fat lui kh\u1ecfi ch\u00ednh s\u00e1ch si\u00eau n\u1edbi l\u1ecfng.<\/p>\n<p>Ch\u01b0\u01a1ng tr\u00ecnh k\u00edch th\u00edch quy m\u00f4 l\u1edbn c\u1ee7a BoJ t\u1eebng khi\u1ebfn \u0111\u1ed3ng Y\u00ean suy y\u1ebfu so v\u1edbi c\u00e1c \u0111\u1ed3ng ti\u1ec1n l\u1edbn kh\u00e1c. Xu h\u01b0\u1edbng n\u00e0y \u0111\u1eb7c bi\u1ec7t r\u00f5 trong giai \u0111o\u1ea1n 2022\u20132023 do s\u1ef1 kh\u00e1c bi\u1ec7t ch\u00ednh s\u00e1ch ng\u00e0y c\u00e0ng l\u1edbn gi\u1eefa BoJ v\u00e0 c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng l\u1edbn kh\u00e1c, khi c\u00e1c ng\u00e2n h\u00e0ng n\u00e0y li\u00ean t\u1ee5c n\u00e2ng m\u1ea1nh l\u00e3i su\u1ea5t \u0111\u1ec3 ch\u1ed1ng l\u1ea1m ph\u00e1t cao nh\u1ea5t nhi\u1ec1u th\u1eadp k\u1ef7. Ch\u00ednh s\u00e1ch c\u1ee7a BoJ l\u00e0m ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t m\u1edf r\u1ed9ng v\u1edbi c\u00e1c qu\u1ed1c gia kh\u00e1c, k\u00e9o gi\u00e1 tr\u1ecb \u0111\u1ed3ng Y\u00ean \u0111i xu\u1ed1ng. Xu h\u01b0\u1edbng n\u00e0y ph\u1ea7n n\u00e0o \u0111\u1ea3o chi\u1ec1u trong n\u0103m 2024 khi BoJ quy\u1ebft \u0111\u1ecbnh t\u1eeb b\u1ecf l\u1eadp tr\u01b0\u1eddng si\u00eau n\u1edbi l\u1ecfng.<\/p>\n<p>\u0110\u1ed3ng Y\u00ean y\u1ebfu c\u00f9ng v\u1edbi gi\u00e1 n\u0103ng l\u01b0\u1ee3ng to\u00e0n c\u1ea7u t\u0103ng m\u1ea1nh \u0111\u00e3 khi\u1ebfn l\u1ea1m ph\u00e1t t\u1ea1i Nh\u1eadt B\u1ea3n v\u01b0\u1ee3t m\u1ee5c ti\u00eau 2% c\u1ee7a BoJ. Tri\u1ec3n v\u1ecdng t\u0103ng l\u01b0\u01a1ng t\u1ea1i Nh\u1eadt \u2013 y\u1ebfu t\u1ed1 quan tr\u1ecdng th\u00fac \u0111\u1ea9y l\u1ea1m ph\u00e1t \u2013 c\u0169ng g\u00f3p ph\u1ea7n v\u00e0o di\u1ec5n bi\u1ebfn n\u00e0y.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Nh\u1eadt B\u1ea3n (BoJ) \u0111\u00e3 c\u00f4ng b\u1ed1 T\u00f3m t\u1eaft \u00dd ki\u1ebfn t\u1eeb cu\u1ed9c h\u1ecdp ch\u00ednh s\u00e1ch ti\u1ec1n [&hellip;]<\/p>","protected":false},"author":5,"featured_media":78988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222],"tags":[],"class_list":["post-78986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ngoai-hoi"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/78986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=78986"}],"version-history":[{"count":1,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/78986\/revisions"}],"predecessor-version":[{"id":79094,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/78986\/revisions\/79094"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/78988"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=78986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=78986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=78986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}