At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan assessed the virtuous cycle between wages and prices, and it judged it came in sight that the price stability target of 2 percent would be achieved in a sustainable and stable manner toward the end of the projection period of the January 2024 Outlook Report (Outlook for Economic Activity and Prices). The Bank considers that the policy framework of the Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control and the negative interest rate policy to date have fulfilled their roles. With the price stability target of 2 ... (full story)

In accordance with the guideline for market operations and other measures decided at the Monetary Policy Meeting today, the Bank of Japan will implement the following measures in its conduct of market operations. 1. Amounts of outright purchases of Japanese Government Bonds (competitive auction method) (1) Purchases from April 2024 through June 2024 As shown in "Quarterly Schedule of Outright Purchases of Japanese Government Bonds (Competitive Auction Method) (April-June 2024)" published on March 19, 2024, the Bank will continue its Japanese Government Bonds (JGBs) purchases with broadly the same amount as before. ... (full story)

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The Bank of Japan decided to conduct the outright purchases of Japanese government securities as follows, effective from March 19, 2024. Regarding outright purchases of Japanese Government Bonds (JGBs), the Bank will announce the schedule separately in "Quarterly Schedule of Outright Purchases of Japanese Government Bonds (Competitive Auction Method)" at the end of March, June, September, and December. 1. Outright purchases of JGBs <competitive auction method> (Note) (1) Bonds to be purchased JGBs with coupons (2-year bonds, 5-year bonds, 10-year bonds, 20-year bonds, 30-year bonds, 40-year bonds, Japan Climate ... (full story)

As recent data and anecdotal information have gradually shown that the virtuous cycle between wages and prices has become more solid, the Bank judged it came in sight that the price stability target of 2 percent would be achieved in a sustainable and stable manner toward the end of the projection period of the January 2024 Outlook Report. It considers that its large-scale monetary easing measures have fulfilled their roles, including the negative interest rate policy and the yield curve control. • With the price stability target, the Bank will conduct monetary policy as appropriate, guiding the short-term interest ... (full story)