The Bank of Japan announced no change to monetary policy as widely expected. The BOJ short-term interest target kept at -0.1% and the 10 year JGB yield target remains around 0%. Released details of scheme for combating climate change and made decision on yield curve control
The Bank of Japan announced no change to monetary policy as widely expected. The BOJ short-term interest target kept at -0.1% and the 10 year JGB yield target remains around 0%. Released details of scheme for combating climate change and made decision on yield curve control
BoJ Chief Kuroda
BOJ September 2021 Monetary Policy Decision Statement
Highlights
Rates and ETF
- Bank of Japan short-term interest target kept at -0.1%
- 10 year JGB yield target remains around 0%
- ETF buy cap stays at 12tln yen
BOJ Highlights
- Releases details of its scheme for combating climate change
- Made decision on yield curve control by 8-1 vote,board member Kataoka dissented on yield curve control decision
- Says Japan’s economy remains in a severe state but picking up as a trend
- Cuts assessment on output cuts assessment on exports
- Says Japan’s economy likely to recover as impact of pandemic gradually subsides
- Export, output continue to rise though temporarily affected by supply constraints
- Overseas economy recovering as a whole
- Capex picking up although some sectors seeing weaknesses
- Consumption continues to stagnate
Outline of Climate Response Financing Operations
Source: BoJ
From The Traders Community News Desk