The Bank of Japan continues to implement ultra loose monetary policy
2023-09-22
The Bank of Japan announced on the 22nd that it will continue to implement the ultra loose monetary policy, maintain the short-term interest rate at the level of negative 0.1%, and maintain the long-term interest rate at about zero by purchasing long-term treasury bond. At the same time, the Bank of Japan said that it would maintain the yield control target of 10-year treasury bond at plus or minus 0.5%, but the Bank would be more flexible in implementing the yield curve control policy, allowing the volatility of the yield to exceed the above range under certain circumstances. The Bank of Japan stated that based on risk factors such as domestic and international economic and price trends, resource price trends, and corporate wages and pricing, the uncertainty of Japan's economic and price trends is extremely high, and it is necessary to closely monitor the development of the financial and foreign exchange markets. On the same day, Bank of Japan Governor Kazuo Noda stated that it is still necessary to continue implementing ultra loose monetary policy. In addition, Takeda also expressed concerns about the continuous decrease in actual wages. (New News Agency)
Edit:He Chuanning Responsible editor:Su Suiyue
Source:Xinhua
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