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BOJ keeps overnight call rate target unchanged at 0.10, but to enhance easy policy via new operation

By Gerry Davies  || December 1, 2009 at 06:42 GMT
|| 2 comments || Add comment

USD/JPY little lower at 87.10.

  • BOJ keeps overnight call rate target unchanged at 0.10, decision unanimous
  • Will introduce 3 month fixed rate operation
  • Provide around 10 trln yen in fixed rate operation
  • Offer funds at 0.1% in new operation
  • New operation will be offered against BOJ’s regular collateral
  • BOJ says todays step will support Japan economy together with Government measures

Think it’s fair to say the market is unimpressed with what it’s seen so far. USD/JPY has extended slide to 86.90 at writing.

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Category: All, Central Banks, Economy, Europe, Regions
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2 Responses to “BOJ keeps overnight call rate target unchanged at 0.10, but to enhance easy policy via new operation”

  1. Tajul Akbar Bin Ismail on December 1st, 2009 06:45 GMT

    By unanimous vote no less

  2. david on December 1st, 2009 06:49 GMT

    Was the market expecting them to go to 0.0 or something?



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