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 unanimous vote, to set the following guideline for money market operations for the intermeeting period: The Bank of Japan will conduct money market operations so that the monetary base will increase at an annual pace of about 60-70 trillion yen. With regard to the asset purchases, the Bank will continue with the following guidelines: a) The Bank will purchase Japanese government bonds (JGBs) so that their amount outstanding will increase at an annual pace of about 50 trillion yen, and the average remaining maturity of the ... (full story)

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zahirul

Nov 20, 2013 9:54pm

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can anybody tell me when bank of japan pressconferrence?

StripedCat

Nov 21, 2013 7:20am

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Quoting biplobadhi

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cartoon is playing game. every monetary policy want to recover there economy but what is in JPY always up!!!!! (-_-)

Ignored

It is a form of intervention. Everybody is trying to do it. Fundamentals don't seem to matter. Such situations do not always end well. Would have been much better to let the markets price things in gradually. But the Japanese don't like to play it nice....too hard for their own good sometimes.

My target for a correction on GBP/JPY: 150. Negative divergences and open gaps calling. How long will the irrationality last is the question.