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MNI BRIEF: BOJ On Hold, Keeps Policy Rate At Zero-0.1%

(MNI) Tokyo
(MNI) TOKYO

The Bank of Japan board on Friday decided to keep its policy interest rate at about zero percent to 0.1%.

“Regarding purchases of Japanese government bonds, CP and corporate bonds, the BOJ will conduct the purchases in accordance with the decisions made at the March policy meeting,” the BOJ board said in a notice.

This means the BOJ will continue its JGB purchases with broadly the same amount as before, which is currently about JPY6 trillion a month.

The board's hold was largely anticipated. (See MNI BOJ WATCH: Board To Consider Hold, Higher CPI View)

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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