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).


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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.