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Japan interest rate passed

BOJ kept interest rates at extremely low levels, did not tighten despite the depreciation of the yen

Japan interest rate passed

The Bank of Japan (BOJ), which maintains its extremely low policy rate and loose monetary policy, signaled to the markets that this trend will continue to take steps in the opposite direction, even though other central banks are tightening their monetary policy as part of the fight against inflation.

Announcing its monetary policy decision after the Fed increased its policy rate by 75 basis points for the third time in a row, the BOJ unanimously set its target for short-term interest rates at minus 0.1 percent, in line with expectations; It kept its target for 10-year government bond yields at 0 percent.

The forward-looking direction statements used in the resolution text published by the BOJ remain unchanged, and the BOJ expects short and long-term policy rates to remain at current or lower levels.

After the rate decision, the yen fell to 145,405 against the dollar, recording a 24-year low.

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