BoJ Keeps Monetary Policy Unchanged

17.09.2020 03:43 (UTC +0)

Japan's central bank maintained its monetary policy easing as widely expected, on Thursday.

The Policy Board of the Bank of Japan voted 8-1 to retain the interest rate at -0.1 percent on current accounts that financial institutions maintain at the central bank.

The bank will continue to purchase necessary amount of Japanese government bonds without setting an upper limit so that 10-year JGB yields will remain at around zero percent.

The bank will actively buy exchange-traded funds and Japan real estate investment trusts so that their outstanding amounts will increase at annual paces with the upper limit of about JPY 12 trillion and around JPY 180 billion, respectively.

As for CP and corporate bonds, the bank will maintain their outstanding amounts at about JPY 2 trillion and JPY 3 trillion, respectively.



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