Amid speculation of shift, Bank of Japan instead stands pat
Even amid a period of increasing unpredictability by the Bank of Japan, there were no more surprises on Wednesday as the central bank ended its two-day meeting with its dovish policies unchanged.
The BOJ said it will maintain its monetary easing policy, including buying unlimited amounts of 10-year Japanese government bonds to keep yields at around 0%, while allowing swings of plus or minus 50 basis points. The bank’s short-term interest rate will stay at minus 0.1%, the central bank said, maintaining its outlier status amid a period of global inflation that has prompted its peers overseas to raise rates.
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