Free Trial

MNI BOJ To Hold Extra-Ordinary Policy Meeting at 0300 GMT

MNI (London)
     TOKYO (MNI) - The Bank of Japan said Monday it will hold an extraordinary
policy-setting meeting at 1200 JST (0300 GMT) to discuss monetary control
matters based on recent economic and financial developments.
     Holding the extraordinary policy-setting meeting means that the bank will
likely decide on additional easy policy, such as expanding its purchase of ETFs
(exchange traded-funds), commercial paper and straight bonds.
     The BOJ is also expected to introduce a lending facility to support small-
and medium-sized companies hit by tighter financial conditions caused by the
coronavirus pandemic.
     The BOJ said that the bank moved up the its regular two day policy-setting
meeting starting on Wednesday.
     The extraordinary policy-setting meeting is the first time since August 30,
2010, when the BOJ met to cope with increased downside risks to economic
activity and prices caused by the yen's appreciation.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MMJBJ$,M$A$$$,M$J$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.