The Bank of Japan (BoJ) has not announced changes in its monetary policy configuration in SeptemberBut it has released the details of its plan to combat climate change.
Key comments
The short-term interest rate target at -0.1%.
The BoJ maintains the 10-year JGB yield target around 0%.
The BoJ made the decision on the control of the yield curve by 8 votes to 1.
Kataoka, a member of the BoJ board of directors, disagreed on the yield curve control decision.
The Japanese economy remains in dire shape, but rebounding as a trend.
The evaluation on production is cut.
The assessment on exports is cut.
The Japanese economy is likely to recover as the impact of the pandemic gradually subsides.
Export and production continues to increase, although temporarily affected by supply restrictions.
The foreign economy continues to recover as a whole.
Capex picks up although some sectors see weaknesses.
Consumption remains stagnant.
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