2023-03-10 02:19:11 ET
- Bank of Japan left its monetary policy unchanged, widely in line with expectations, kept its key short-term interest rate unchanged at -0.1% and reiterated its target to keep the yield on the 10-year Japanese Government Bond around 0%.
- Meantime, policymakers indicated their concerns over the economy by lowering their views on exports and production while leaving the overall economic assessment unchanged.
- The BoJ reiterated it would take extra easing measures if needed while expecting short-and long-term policy interest rates to stay at their present or lower levels.
- Friday's meeting was Governor Haruhiko Kuroda's final session before retirement, as his successor, Kazuo Ueda, will take the helm in April.
- “Japan’s economy, despite being affected by factors such as high commodity prices, has picked up as the resumption of economic activity has progressed,” Bank of Japan said in its policy statement on Friday, concluding governor Haruhiko Kuroda’s final meeting in his term.
- The new governor will chair his first policy meeting on April 27-28.
- ETFs: JEQ , EWJ , DXJ , FXY .
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Japan holds rates at Kuroda's last meeting, in line with expectations