BOJ December meeting: No change to monetary policy
The BoJ policy decision has been published, with the Central Bank communicating no change to its monetary policy.
Key headlines
Maintains short-term interest rate target at -0.1 pct
Maintains 10-year JGB yield target around zero pct
BOJ leaves unchanged pledge to buy jgbs more or less at current pace so its holdings increase at annual pace of around 80 trln yen
Decision on yield curve control made by 8-1 vote, board member Kataoka dissents
kataoka says need to buy JGBs so yield for duration of 10 years and longer falls
Says BOJ should clarify it will ease if domestic factors delay achieving price target
Bank of Japan says Japan's economy expanding moderately, keeps assessment unchanged
BOJ raises assessment on capital expenditure
Cuts assessment on public works investment
Consumption increasing moderately
Capex continues to increase as a trend
Public works investment moving sideways at a high level
Author
Ivan Delgado
Independent Analyst
Established in the Asian continent since 2009, Ivan studied a degree in Business at the University Pompeu Fabra (Barcelona), while also earning a postgraduate degree in Business Administration.
