supports JGB's 10-year Target Yield Near Zero
leaves unchanged the obligation to buy JGBs in a flexible way, so its reserves increase at an annual rate of about Y80 trillion
leaves unchanged rate recommendations, says will keep current extremely low rates for a long period of time
the decision to control the yield curve is made by 7-2 votes, members of the board of directors. Harada, Kataoka disagree
Bank of Japan decides to extend the March term for a credit scheme aimed at encouraging financial institutions to increase lending
Extend the loan scheme for one year
Japan's economy is expected to continue to expand until 2020.
the economy’s momentum for achieving the inflation target is steady but lacks strength
risks to inflation forecast skewed down
risks to economic outlook skewed down
mid-term and long-term inflation expectations have remained more or less unchanged.
decides to extend the loan scheme to support the growth fundament for another year
expect consumer prices to rise gradually to 2 percent
we expect foreign economies to continue their steady growth, although they should pay attention to trade tensions between the USA and China and various recent steps