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.
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.
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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