Central Banks

Google Ad

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 kuroda

 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

BOJ Climate Change Response

Source: BoJ

From The Traders Community News Desk

Log in to comment
Discuss this article in the forums (1 replies).