Now they present the key findings of the Bank of Japan’s (BoJ) monetary policy review, which has been released alongside the statement of monetary policy this Friday.
Key Comments:
An excessive reduction in long-term interest rates could negatively affect long-term economic activity.
It will direct the control of the yield curve, prioritizing keeping the yield curve stable at low levels.
Will buy corporate bonds worth up to 20 trillion yen until the end of September.
It will guide the control of the yield curve prioritizing the need to keep the entire yield curve stably low as the impact of covid-19 continues.
BoJ staff will inform the board immediately when purchasing ETFs and REITs.
Hereinafter, the BoJ will only buy ETFs linked to Topix.
You will continue to buy certain amounts of corporate bonds even after the September deadline.
The BoJ’s monetary policy meeting will see a quarterly report on the financial system of its division in charge.
Will buy ETFs and REITs when needed even after the pandemic subsides, while maintaining the current limits for these asset purchase programs.
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