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BOJ holds pat on monetary policy NHK

Policymakers at the Bank of Japan have wrapped up their two-day meeting.

They say they are leaving the central bank's easing program unchanged.

The BOJ will keep its short-term benchmark interest rate in negative territory. And it will continue asset purchases to keep long-term rates around zero percent.

The yield on the 10-year Japanese government bond will be allowed to fluctuate in a range of around plus and minus half a percentage point.

Former Governor Kuroda Haruhiko widened that range to its current level last December to correct side effects from years of an ultra-loose policy.
Summary
Bank of Japan maintains easing program; short-term interest rate to remain negative, long-term rates around zero. Yield on 10-year JGB allowed to fluctuate within +/- 0.5%. This move follows former Governor Kuroda Haruhiko's widening of the range last December to correct policy side effects.
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ID: 1a6a8ae4-5cea-4b2d-90c3-1c017090b001

Category ID: nhk

URL: https://www3.nhk.or.jp/nhkworld/en/news/20230616_17/

Date: June 16, 2023

Created: 2023/06/16 19:50

Updated: 2025/12/09 02:51

Last Read: 2023/06/16 19:51