• BoJ leaves interest rate unchanged pledge to buy JGBs more or less at current pace so its holdings increase at annual pace of around 80 trln yen

Market news

9 March 2018

BoJ leaves interest rate unchanged pledge to buy JGBs more or less at current pace so its holdings increase at annual pace of around 80 trln yen

  • Says Japan's economy expanding moderately, keeps assessment unchanged

  • Maintains 10-year jgb yield target around zero pct

  • 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 or longer falls further

  • Housing investment moving on a weak note

  • Kataoka says currently chance of inflation rising toward 2 pct is low

  • Kataoka says BoJ should clarify it will ease further if domestic factors delay achievement of price target

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