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BOJ keeps policy, upgrades economic view www3.nhk.or.jp
The Bank of Japan has kept its current policy of monetary easing unchanged, while revising its view of the country's economic prospects upward.
BOJ policymakers wrapped up their 2-day meeting on Tuesday.
They said they decided to maintain their massive easing program to achieve a 2-percent inflation target.
The central bank upgraded its assessment of Japan's economy for the first time in a year and 7 months. It said a moderate recovery trend will continue.
The policymakers will stick to a framework introduced in September to achieve the inflation goal. That approach is aimed at managing short- and long-term interest rates.
The interest rate on a portion of deposits that commercial banks hold at the central bank will remain at minus 0.1 percent.
They also maintained their target for the bank's annual purchase of Japanese government bonds at about 80 trillion yen, or roughly 680 billion dollars. That's so the yield on the benchmark 10-year government bonds will be at around zero percent.
Published Date:2016-12-21
