Market Updates: BOJ leaves policy unchanged at -0.10%, as widely expected
The Bank of Japan (BOJ) concluded its 2-day December monetary policy review meeting and left the monetary policy settings unadjusted...
Arslan Butt•Thursday, December 20, 2018•1 min read
The Bank of Japan (BOJ) concluded its 2-day December monetary policy review meeting and left the monetary policy settings unadjusted, holding rates at -10bps while maintaining 10yr JGB yield target at 0.00%.
As per the report, the BoJ vote was 8 to 1, leaving its pledge to buy JGBs (Japanese Government Bonds) unchanged so that its holdings increase at an annual pace of around 80 trillion Yen.
The decision on maintaining its interest rate targets was made by a 7-2 vote with board members Goushi Kataoka and Yutaka Harada dissenting.
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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