BOJ keeps its policy intact

BOJ keeps its policy intact

On Thursday, the Bank of Japan kept its monetary policy intact notwithstanding soaring signs of strength in the Japanese economy, indicating that it wasn’t rushing to drift away from crisis-mode stimulus with inflation still far from its 2% objective.

As widely anticipated, the BOJ kept its short-term interest rate objective at minus 0.1% and the 10-year bond yield objective approximately 0% - wrapping up a year in which the key financial institution made no change to policy.

Haruhiko Kuroda, BOJ Governor  told at a news conference that he had no plan to modify the current policy framework, adding that dwindling revenues at financial institutions were obtained not only due to ultra-low interest rates, but also due to structural factors, including a dwindling population.

Thursday's decision to leave monetary policy intact was made in an 8-1 vote. By the way, board newcomer Goushi Kataoka stressed that the BOJ requires buying bonds so that yields for durations of 10 years and even longer could keep tumbling.


Latest news

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera