Entering text into the input field will update the search result below

Bank of Japan sticks to low-rate pledge

Sep. 19, 2018 1:13 AM ETEWJ, JEQ, JOF, DFJ, DXJ, FXY, JYNFF, EWV, SCJ, YCL, YCS, EZJ, DBJP, FJP, JPNL, DXJS, HEWJ, DXJF, JPMV, QJPN, JHDG, JPN, HFXJ, JPNH, HJPX, JPXN, DEWJ, GSJY, DJPY, UJPY, FLJP, FLJH, BBJP, JNMFBy: Jason Aycock, SA News Editor
  • After a series of small moves in July, the Bank of Japan is holding firm on guidance from that month that it would keep interest rates very low "for an extended period."
  • The board's vote was 7-2 to maintain the benchmark short-term interest rate at -0.1%, and to keep the target for Japan's 10-year bond yield around zero, though it repeated a July promise to let the bond yield move more flexibly.
  • Two dissenters argued that flexible targeting of the 10-year yield was too ambiguous.
  • The bank also stuck to guidance to buy government bonds at a rate of ¥80T annually (about $712B).
  • Japanese inflation is still below 1%, a ways below the bank's 2% target.
  • ETFs: DXJ, EWJ, FXY, YCS, DFJ, DBJP, JYN, JOF, JPNL, DXJS, HEWJ, JEQ, YCL, EWV, EZJ, SCJ, JPXN, DXJF, JPN, JHDG, JPMV, FJP, HJPX, QJPN, DEWJ, GSJY, HFXJ, JPNH, DDJP, BBJP, DJPY, FLJH, FLJP, UJPY

Recommended For You

More Trending News