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Author Topic: Bank of Japan maintains special easing monetary policy  (Read 68 times)

Teskfiorc

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Bank of Japan maintains special easing monetary policy Aim to support the economy through the COVID crisis

The Bank of Japan (BOJ) adopted a special easing monetary policy at today's meeting. It aims to support the economy during the COVID-19 Still spread

After today's two-day meeting, the BOJ resolved to maintain the policy rate at -0.1% while maintaining the 10-year government bond yield target at around 0%. The measure continues to allocate loans to affected private companies.

Under the massive asset purchase program, the BOJ will continue to buy government bonds from financial institutions. Without limit And buy ETFs annually at a rate of 12 trillion yen, or about 1.14 billion US dollars per year.

Kyodo news agency reported that BOJ Governor Haruhiko Kuroda will hold a press conference today. Kuroda is expected to announce that the BOJ will work closely with Prime Minister Yoshihide Suga's government to tackle the impact of the COVID-19 epidemic.



 

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