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Statement on Monetary Policy
At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided upon the following: (1) Yield curve control The Bank decided, by and 8-1 majority vote, to set the following guideline for market operations for the intermeeting period. [Note 1] 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 a the Bank. The long-term interest rate: The Bank will purchase a necessary amount of Japanese government bonds (JGBs) without setting an upper limit so the that 10-year JGB ... (full story)
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- BoJ Maintains Policy Balance Rate At -0.1%
— LiveSquawk (@LiveSquawk) October 28, 2021
- Maintains 10-Year JGB Yield Target At About 0%
- FY2021 GDP Forecast Is 3.4% VS 3.8% Previously
- FY2021 Core CPI At 0.0% VS 0.6% Previously