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- BOJ keeps monetary policy steady, leaves guidance intact
BOJ keeps monetary policy steady, leaves guidance intact
The Bank of Japan (BOJ) board members decided to keep the monetary policy settings unadjusted amid the ongoing Russia-Ukraine war, as they conclude their two-day meeting on Friday.
Key takeaways
BOJ maintains 10-year JGB yield target around 0%.
BOJ maintains short-term interest rate target at -0.1%.
BOJ made a decision on yield curve control by 8-1 vote.
BOJ board member Kataoka dissented to the decision on YCC.
BOJ leaves intact guidance that it expects short-, long-term policy interest rate to remain at present or lower levels.
Market reaction
In an initial reaction to the BOJ decision, USD/JPY is little change, keeping its range around 118.75, up 0.15% on the day.
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