Bank of Japan monetary policy decision and statement for March 2018
BOJ keeps monetary policy steady - as widely expected
- maintains short-term interest rate target at -0.1 pct
- maintains 10-year JGB yield target around zero pct
Decision on yield curve control made by 8-1 vote, board member Kataoka dissents
- Kataoka says need to buy JGBs so yield for duration of 10 years or longer falls further
- Kataoka says BOJ should clarify it will ease further if domestic factors delay achievement of price target
- Kataoka says currently chance of inflation rising toward 2 pct is low
BOJ says Japan's economy expanding moderately, keeps assessment unchanged
- cuts view on housing investment
- housing investment moving on a weak notemore to come
Full txt: Statement on Monetary Policy
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For background to this, previews here:
- Plenty coming from Japan today, data a focus and then BOJ (previews)
- Waiting on the BOJ announcement? Here is what time to set your alarm (sort of)
And, still to come BOJ Governor Kuroda press conference due at 0630GMT:
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Yen is little moving on the announcement, it had surged earlier today:
- North Korea news crossing now - NK said to suspend missile tests
- and earlier, a heads up on the substance: Announcement due on North Korea at top of hour - here is what it is!
And, latest:
