The Bank of Japan (BoJ) has kept its monetary policy adjustments unchanged following the conclusion of its two-day monetary policy review meeting on Friday.
Central bank has kept the benchmark policy rate unchanged at -10bps while keeping his promise to buy J-REITS at an annual rate of up to 180 billion JPY.
El BoJ has released the outline of its plan to promote the financing of activities aimed at combating climate change.
Statement summary
The BoJ made the decision to control the yield curve by 8-1 votes.
Kataoka, a member of the BoJ board of directors, disagreed on the yield curve control decision.
There will be no hesitation in taking additional easing measures if necessary.
Offer zero-interest funds to banks that take advantage of the plan to combat climate change.
It will not offer an interest reward to banks that take advantage of its plan to combat climate change.
It will offer 1-year loans to banks under its climate change program.
It will allow banks to transfer loans under the climate plan without any limit to the number of times.
It will begin extending loans under the climate program this year.
It will carry out the climate program through fiscal year 2030.
It will extend the loans under the climate program in yen.
Green loans, green bonds, loans linked to sustainability and bonds that may be applicable to the climate program.
It will likely include transition funding as eligible loans for the climate change plan.
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