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Bank of Japan tweaks policy framework

Sep. 21, 2016 2:12 AM ETEWJ, JEQ, JOF, DFJ, DXJ, FXY, JYNFF, EWV, SCJ, YCL, YCS, EZJ, DBJP, FJP, JPNL, DXJS, HEWJ, DXJF, DXJR, DXJC, DXJH, DXJT, JPMV, QJPN, JHDG, JDG, HGJP, JPN, HFXJ, JPNH, HJPX, JPXN, FXJP, DEWJ, GSJY, JNMFBy: Yoel Minkoff, SA News Editor4 Comments
  • Japan's central bank kept rates unchanged at -0.1% following its latest meeting, but announced it would modify its policy framework, marking the latest attempt to boost prices and goose economic growth.
  • Among the changes, the BOJ said it would introduce yield curve controls, eliminate the maturity range of its bond purchases, abandon its monetary base targets and confirmed that cutting rates further remained an option.
  • Nikkei +1.9% to 16,807.
  • ETFs: DXJ, EWJ, FXY, YCS, DBJP, DFJ, JYN, JOF, JPNL, DXJS, EZJ, JEQ, EWV, HEWJ, YCL, SCJ, JPXN, DXJH, JHDG, QJPN, DXJF, JPMV, FJP, DXJR, DXJT, JPN, DXJC, HGJP, JDG, HFXJ, HJPX, DDJP, DEWJ, FXJP, GSJY, JPNH

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