BoJ leaves monetary policy unchanged

The Bank of Japan (BoJ) concluded its 2-day monetary policy review meeting today and announced no changes to its monetary policy settings, holding rates at -10bps while maintaining the 10yr JGB yield target at 0.00%.

The BoJ vote was 8 to 1, leaving its pledge to buy JGBs unchanged so that its holdings increase at an annual pace of around 80 trln yen. The BoJ board member Kataoka dissents again.

Apr 27, 2018

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