$JPINTR - Interest Rates MoMECONOMICS:JPINTR -0.1% November/2023
The Bank of Japan (BoJ) maintained its key short-term interest rate at -0.1% and that of 10-year bond yields at around 0% in a final meeting of the year by unanimous vote, as widely expected.
The central bank also left unchanged a loose upper band of 1.0% set for the long-term government bond yield.
The board said that it will patiently continue with monetary easing amid extremely high uncertainties at home and abroad.
It also mentioned that policymakers will respond to development in economic activity and prices as well as financial conditions.
By doing so, the BoJ aims to achieve a price stability target of 2% in a sustainable manner,
accompanied by wage increases. The committee reiterated that it will not hesitate to take extra easing measures if needed.
source: Bank of Japan
