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 an 8-1 majority vote, to set the following guideline for market operations for the intermeeting period The short-term policy interest rate of minus 0.1 percent to the Policy-Rate Balances in current accoundst held by financial institutioins aat the Bank. The long-term interest rate: The Bank will purchase a necessary amount of Japanese government bonds (JGBs) without setting and upper limit so that 10-year JGB yields will remain at around zero percent. (2) … (full story)

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