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The Bank of Japan (BOJ) left policy unchanged today at the conclusion of its two-day policy meeting, as widely expected. The central bank maintained the negative 0.1 percent interest rate imposed on banks for some excess reserves, left the 10-year Japanese government bond (JGB) yield target at around zero, and kept annual rises in JGB holdings at 80 trillion yen ($676.9 billion). The BOJ also upgraded its economic assessment, noting that the economy continued to recover moderately. It also revised up its view on exports and output.
The Bank of Japan (BOJ) left policy unchanged today at the conclusion of its two-day policy meeting, as widely expected. The central bank maintained the negative 0.1 percent interest rate imposed on banks for some excess reserves, left the 10-year Japanese government bond (JGB) yield target at around zero, and kept annual rises in JGB holdings at 80 trillion yen ($676.9 billion). The BOJ also upgraded its economic assessment, noting that the economy continued to recover moderately. It also revised up its view on exports and output.
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