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Minutes of the Monetary Policy Meeting on October 27 and 28, 2022
In accordance with the short-term policy interest rate of minus 0.1 percent and the target level of the long-term interest rate, both of which were decided at the previous meeting on September 21 and 22, 2022, the Bank had been conducting purchases of Japanese government bonds (JGBs). Under the guideline for fixed-rate purchase operations for consecutive days decided at that meeting, it had also conducted outright purchases of 10-year JGBs at 0.25 percent through the fixed-rate method every business day. Moreover, the Bank had carried out fixed-rate purchase operations of the cheapest-to-deliver (CTD) issues every ... (full story)
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BOJ MEETING MINUTES: MEMBERS AGREED THAT THE CURRENT EASY POLICY MUST BE MAINTAINED IN ORDER TO ATTAIN THE PRICE TARGET CONSISTENTLY AND SUSTAINABLY.
— Breaking Market News (@financialjuice) December 22, 2022
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BOJ MEETING MINUTES: ONE MEMBER STATED THAT THE EFFECT OF THE BOJ'S EASING MAY BE INTENSIFYING AS MODERATE INCREASES IN INFLATION EXPECTATIONS PUSH DOWN REAL INTEREST RATES.
— Breaking Market News (@financialjuice) December 22, 2022
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BOJ MEETING MINUTES: A FEW MEMBERS STATED THAT AN ILL-TIMED POLICY CHANGE COULD INTERRUPT THE POSITIVE INFLATION-WAGE SPIRAL.
— Breaking Market News (@financialjuice) December 22, 2022
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BOJ MEETING MINUTES: ONE MEMBER STATED THAT, WHILE THERE IS NO IMMEDIATE NEED TO CHANGE POLICY, THE BOJ MUST KEEP AN EYE ON THE SIDE EFFECTS OF EASING AND EVALUATE HOW RISING PRICES WILL AFFECT HOUSEHOLD BEHAVIOUR AND WAGES.
— Breaking Market News (@financialjuice) December 22, 2022