- BOJ keeps policy on hold, tweaks forecasts
Market news
28 October 2021
BOJ keeps policy on hold, tweaks forecasts
At its October monetary policy meeting, the Bank of Japan (BOJ) left its policy settings unadjusted once again but revised the economic forecasts.
Key takeaways
Maintains short-term interest rate target at -0.1%.
BOJ maintains 10-year JGB yield target around 0%.
BOJ made decision on yield curve control by 8-1 vote.
Market reaction
USD/JPY remains unfazed near daily lows of 113.54 on the BOJ’s status-quo, down 0.18% on the day.
Market Focus
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