- Analytics
- News and Tools
- Market News
- Bank of Japan keeps its interest rate unchanged in December but adds new stimulus measures
Bank of Japan keeps its interest rate unchanged in December but adds new stimulus measures
The Bank of Japan (BoJ) released its interest rate decision on Friday. The BoJ kept its monetary policy unchanged (interest rate: 0.00-0.10%, monetary base target: 275 trillion yen). The central bank said that it will expand its monetary base at an annual pace of 80 trillion yen, adding that the average maturity of the Japanese government bonds was increased to seven to 12 years from seven to 10 years.
The BoJ also said that it will annually purchase ¥300 billion of ETFs (exchange-traded funds) issued by companies that are making investment in physical and human capital. This decision was not expected by analysts.
Only 6 of 9 board members backed new measures, while three board members voted against new measures.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
