Bank of Japan Maintains Accommodative Stance

The Bank of Japan said Thursday it is holding its monetary policy steady, as inflation is still far from the targeted 2 percent despite a growing economy.At the end of its two-day policy meeting, the central bank said it is maintaining its short-term interest rate at minus 0.1 percent and the target for the 10-year government bond yield at zero percent.”Japan’s economy is expanding moderately,” the BOJ said in a statement.The decision to keep monetary policy unchanged was reached by a 8 to 1 vote, with board member Goushi Kataoka as the sole dissenting voice.

Source: Bank of Japan’s monetary policy statement, interest rates decision – CNBC

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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.