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Statement on Monetary Policy
At the Monetary Policy Meeting (MPM) held today, the Policy Board of the Bank of Japan decided upon the following guidelines for market operations and asset purchases. 1. Yield Curve Control The Bank decided, by an 8-1 majority vote, to set the following guideline for market operations for the intermeeting period. The short-term policy interest rate: The Bank will apply a negative interest rate of minus 0.1 percent to the Policy-Rate Balances in current accounts held by financial institutions at the bank. The long-term interest rate: The Bank will purchase a necessary amount of Japanese government bonds (JGBs) ... (full story)
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BOJ's Measures In Rsponse to COVID-19
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BoJ: Will Take Additional Monetary Easing Steps Without Hesitation If Needed With Close Eye On Covid-19 Impact
— LiveSquawk (@LiveSquawk) June 16, 2020
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BoJ:
— DailyFX Team Live (@DailyFXTeam) June 16, 2020
- will do provision with JGB buys, US Dollar fund operations
- also will continue active purchases of ETFs, FREITs
- private consumption has decreased significantly
-BBG
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BoJ: Uncertainties Very High Over Virus Impact On Economy
— LiveSquawk (@LiveSquawk) June 16, 2020
-Economy In Severe Situation
-Consumption Falling Sharply