Bank of Japan Elects to Keep its Monetary Policy Steady, For Now - Forex News by FX Leaders

Bank of Japan Elects to Keep its Monetary Policy Steady, For Now

Posted Thursday, June 20, 2019 by
Arslan Butt • 1 min read

The Bank of Japan chose to keep its monetary policy steady as markets expected. Earlier today, Japan’s central bank announced its decision to hold short-term interest rates at -0.1% and 10-year government bond yields at around 0%.

The board voted 7-2 in favor of maintaining the interest rate targets, amid rising uncertainties concerning trade and global economic growth. In an official statement regarding the monetary policy decision, BOJ states, “Downside risks regarding overseas economies are big, so we must carefully watch how they affect Japan’s corporate and household sentiment.”

USD/JPY has fallen lower to trade at around 107.60, but this is possibly more because of a weakness in the USD following yesterday’s dovish FOMC.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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