BoJ keeps benchmark ratio for macro add-on balance unchanged

Dhwani Mehta FXStreet

The Bank of Japan (BoJ) came out with a brief statement last minutes, after the review of its benchmark ratio for current account balances kept with the central bank.

Key Points:

Benchmark ratio kept at 21.5% (after being increased in September from 20.0%).

The negative rate interest rate will be applied to about JPY 10 trillion of funds (a change from the previous JPY 10-20 trillion over the last year).

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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