4/28, 5:27 AM (Source: TeleTrader)
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BoJ decides to keep monetary policy loose

The Bank of Japan (BoJ) announced on Thursday that it will be keeping its monetary policy balanced, maintaining a short-term interest target at minus 0.1%. The central bank also stated that it will purchase the required amount of government bonds in order to keep 10-year Japanese bond yields at around zero percent.

BoJ also announced it will continue with quantitative and qualitative monetary easing (QQE) with yield curve control, aiming at a price stability target of 2%, also expanding the monetary base until the consumer price index (CPI) increase rate exceeds 2% and stays stable from then on.

The Japanese central bank also underlined that it will be ready to ease policy "without hesitation" with regards to COVID-19 pandemic impacts, while also striving to maintain market stability and support corporate funding.

Baha Breaking News (BBN) / SP