- Breaking: BoJ keeps monetary policy and yield control policy unchanged
Market news
10 March 2023
Breaking: BoJ keeps monetary policy and yield control policy unchanged
At its March monetary policy meeting, the Bank of Japan (BoJ) board members decided to leave their monetary policy settings unchanged, maintaining rates at -10bps and 10yr JGB yield target unchanged at 0.00%.
Summary of the statement
No change to yield band.
No change to forward guidance on interest rates.
BoJ maintains band around its 10-year JGB yield target at up and down 0.5% each.
BoJ made decision on YCC by unanimous vote.
Market reaction
USD/JPY storms through the 136.00 level on BoJ’s inaction. The pair is currently trading at 136.72, up 0.44% on the day.
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