untitled design

The Bank of Japan keeps interest rates at -0.1% and remains firm with its yield control policy

In their first monetary policy meeting this year, members of the Council of the Bank of Japan (BoJ) decided not to make changes in the configuration of their monetary policy, maintaining the rates at -10 basis points and the goal of 10-year JGB yield at 0.00%.

BoJ Monetary Policy Statement

The entity maintains unchanged everything related to the performance announced in previous meetings.

The Bank of Japan has decided extend for one year the operation of the support fund for loans from financial institutions.

The forward guidance on interest rates is not changed.

It is decided to improve the operation of provision of funds against joint guarantees.

The range of parties eligible for the financing plan for the fight against climate change is expanded.

The Bank of Japan maintains its guidance to continue buying large-scale Treasury bonds (JGBs), with quick responses for each expiration.

Source: Fx Street

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights


Most popular