BoJ will significantly increase JGB purchases.
Says it anticipates short- and long-term policy rates to remain at ‘current or lower’ levels and maintains its forward guidance on interest rates.
“Maintains its advice on policy bias and declares that, while keeping an eye on the impact of the pandemic on the economy, it will implement further easing measures without hesitation as warranted.”
Will evaluate YCC operation.
“Will seek to attain the price objective by prolonging the longevity of the monetary easing within this framework and through these actions the recovery of the Japanese economy.”
expectations for inflation are rising.
‘Japan’s economy is anticipated to improve as the pandemic’s impact and supply limitations ease.”
Keep an eye out for changes in the financial and FX markets and how they affect the prices and economy of Japan.
BoJ will increase the 0.5% up and down each range surrounding its 10-year yield objective from 0.25%.
