The Bank of Japan monetary policy announcement for its March meeting
Full Statement is here: Statement on Monetary Policy [PDF 147KB]
Quick Headlines via Reuters:
- BOJ keeps monetary policy steady
- Maintains short-term interest rate target at -0.1 pct
- Maintains 10-year jgb yield target around zero pct
- Decision on yield curve control made by 7-2 vote
- Sato, Kiuchi opposed decision on yield curve control (Kiuchi proposed saying inflation extremely slow ... defeated 8-1)
- BOJ leaves unchanged pledge to buy JGBs more or less at current pace so its holdings increase at annual pace of around 80 trln yen
- Bank keeps economic assessment unchanged, says it continues to recover moderately as a trend
- Cuts view on housing investment ... housing investment moving sideways
The Bank didn't upgrade it assessment of the economy ... on the other hand it didn't downgrade it either.