DJIA26770.20
LIVE-255.68(-0.95%)
NDX7868.49
LIVE-73.65(-0.93%)

BOJ keeps policy steady, signals chance of easing in October


Thursday, 19 September 2019 10:47 WIB

Bank of JapanBOJMonetaryPOLICY STATEMENT


c_740_198_16777215_00_images_assets_NIKKEI225_BOJJ.jpg

The Bank of Japan kept monetary policy steady on Thursday but said it would re-examine economic and price developments more thoroughly at its next policy meeting, signalling the chance of expanding stimulus as early as October.

As expected, the BOJ maintained its short-term interest rate target at -0.1% and a pledge to guide 10-year government bond yields under a policy dubbed yield curve control (YCC).

Announcing its decision, the central bank said in a statement that it was becoming necessary to pay “closer attention” to the chance that the economy will lose sufficient momentum to achieve the BOJ’s 2% inflation target.

“Taking this situation into account, the BOJ will re-examine economic and price developments at its next policy meeting” when it reviews its long-term growth and price forecasts, it said.

The BOJ's announcement came hours after the U.S. Federal Reserve cut interest rates to sustain a record-long economic expansion and insure against risks such as weak global growth and resurgent trade tensions.

The decision to maintain its interest rate targets was made by a 7-2 vote, with board members Goushi Kataoka and Yutaka Harada dissenting.

BOJ Governor Haruhiko Kuroda will hold a news conference at 3:30 p.m. (06:30 GMT) to explain the bank's policy decision.

Source : Reuters


RELATED NEWS

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.