The Bank of Japan maintained its ultra-loose monetary policy at its last meeting, in a move expected by the markets.
The Bank of Japan decided to stabilize short-term interest rates at minus 0.1%, leading the yen to fall to about 143.8 yen. Yields on 10-year government bonds remained at about zero percent.
The Bank of Japan also left the 10-year yield curve control standards unchanged at 1%.
Earlier, “Bloomberg” stated that the Bank of Japan was not in a rush to raise interest.
According to “Reuters,” about 20% expect the bank to get rid of its lax monetary policy in 2024, while about 80% expect the bank to give up negative interest by the end of 2024.
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