Bank of Japan September 2023 Statement
more to come
BOJ maintains negative interest rate policy, applies -0.1% rate to
financial institutions’ accounts at central bank
- Maintains 10-year
JGB yield target around 0% - Maintains band
around its 10-year JGB yield target at up and down 0.5% each - Maintains offer to
buy 10-year JGB at 1.0% daily through fixed-rate market operations
-
Maintains band around its 10-year JGB yield target at up and down
0.5% each - Maintains offer to
buy 10-year JGBs at 1.0% daily through fixed-rate market operations
- Makes no change to forward guidance
- Japan’s economy
recovering moderately - Japan’s economy
likely to continue moderate recovery - Inflation
expectations showing renewed signs of accelerating - Must watch financial
and forex market moves and impact on Japan’s economic activity,
prices
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USD/JPY has jumped on the news:
This article was written by Eamonn Sheridan at www.forexlive.com. Source