BOJ Statement on Monetary Policy

BOJ Statement on Monetary Policy

From or.jp

At the monetary policy meeting held today, the policy board of the Bank of Japan decided, by a uninamious vote to set the ollowing guideline for money markewt operations for the intermeeting period: The Bank of Japan will encourage the uncollaterallized overnight call rate to remain at around 0 to 0.2 percent. Overseas economies on the whole still have not emerged from a deceleration phase by the US economic conditions have continued to improve moderately and the sluggish European economy has stopped deteriorating. Global financial markets have generally been stable. Japan's economic activity has shown some signs of ... (full story)

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Apr 9, 2012 10:34pm

it just means nothin changed.... they will continue the easing commitment they set forth before... JPY will continue to depreciate... just not immediately...

Apr 10, 2012 12:08am

Thanks!

Apr 9, 2012 10:21pm

"2. Based on the above recognition, the Bank of Japan clarified its monetary policy stance and further enhanced monetary easing in February 2012. Subsequent to these decisions, at the Monetary Policy Meeting held today, the Policy Board of the Bank decided to enhance the fund-provisioning measure to support strengthening the foundations for economic growth (hereafter referred to as "the Growth-Supporting Funding Facility") as followings. As a result of today's enhancement both in terms of the yen and a foreign currency, the total amount of loans available through the Growth-Supporting Funding Facility will increase by 2 trillion yen, from 3.5 trillion yen to 5.5 trillion yen. (1)".

So more JPY will be printed?. Still wondering, why the JPY is appreciating against other major currencies after the statement by BoJ?.