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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

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.

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