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, 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.