Bank of Japan Elects to Keep its Monetary Policy Steady, For Now
Arslan Butt•Thursday, June 20, 2019•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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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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