BoJ to Remain on Hold Next Week

The Bank of Japan is expected to keep its negative interest rates and 10-year government bond yield target unchanged next week after overhauling its policy focus last month, a Reuters poll showed on Friday.

The BOJ is expected to retain the minus 0.1 percent interest rate it imposes on some excess reserves that commercial banks park with the central bank, the poll of 15 analysts found. They forecast the BOJ would also keep its 10-year JGB yield target of around zero percent unchanged.

The poll also showed analysts expect the BOJ to maintain the net amount of Japanese government bonds it buys annually at around 80 trillion yen (625 billion pounds).

Reuters

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