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Asia / BOJ keeps overnight call target unchanged at 0.10%
BOJ keeps overnight call target unchanged at 0.10%
- says policy board decision on call rate was unanimous
- will expand volume of funds to be offered under fixed rate market operation
- vol of funds will be raised to Yen 30 trn from Yen 20 trn as expected
- to offer fixed rate loans to banks with maturity of 6 mths
- keeps economy asessment unchanged
- says decision on expanding fixed rate funding operation was 8:1 vote
- BoJ’s Suda voted against
- says Japan economy shows further signs of moderate recovery, likely on recovery trend
- says need to pay more attention to downside risks to outlook, to economy, prices
Cheers Hart! You truly are a good person!
Seems pretty much what the market was not expecting! I think the short squeeze was forecasting more like Jamie said — no shock and no awe!
[...] || Add comment It is unlikely that the BoJ will leave matters as they stand after today’s rather insipid developments. If the market insists now on testing their resolve, traders expect the BoJ to enter the market and [...]