The Bank of Japan chose to make no changes to its current ultra-loose policy setting at its final two-day monetary policy meeting of the year, which ended today (December 21).

While a growing number of analysts expect policy tightening to begin next year, the BoJ, by an 8–1 margin, decided to keep the short-term policy interest rate at minus 0.1% and the target yield for 10-year Japanese government bonds at 0%.The BoJ also reiterated its commitment to buy ¥80 trillion ($705 billion) of JGBs per