Bank of Japan maintains ultra-loose policy
Ueda says the chance of Japan achieving sustainable above-target inflation is increasing
The Bank of Japan kept its ultra-loose monetary policy unchanged today (December 19), amid rising market expectations that the central bank will end the policy next year.
The BoJ’s nine-member rate-setting board unanimously decided to keep its short-term policy interest rate at -0.1%, while keeping its target for 10-year Japanese government bond yields at around 0%. It also left unchanged a loose cap of 1% set for the 10-year JGB yield.
Japan’s target measure of inflation – the consumer price
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