Bank of Japan keeps policy setting on hold
BoJ keeps policy on hold as inflation target remains elusive
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
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