Economic Buzz: Bank Of Japan Maintains Its Dovish Stance

28 Oct 2022 , 11:43 AM

The Bank of Japan kept its massive monetary policy stimulus unchanged on Friday. The policy board, governed by Haruhiko Kuroda, unanimously decided to maintain a negative interest rate of -0.1 percent on current accounts that financial institutions maintain at the central bank. The board repeated its guidance on rates that short- and long-term policy interest rates will remain at their present or lower levels. The bank also decided to continue to purchase a necessary amount of Japanese government bonds without setting an upper limit so that 10-year JGB yields will remain at around zero percent.Powered by Commodity Insights