Bank of Japan meeting —
At its 18 March 2022 meeting, the Bank of Japan held its policy rate at -0.10%. The decision passed 8-1. NAKAGAWA Junko dissented, preferring a hold.
Decision
hold — -0.10% to -0.10%
Vote: 8-1
Dissenters
- NAKAGAWA Junko — preferred hold
Key passages
The short-term policy interest rate: The Bank will apply a negative interest rate of minus 0.1 percent to the Policy-Rate Balances in current accounts held by financial institutions at the Bank. The long-term interest rate: The Bank will purchase a necessary amount of Japanese government bonds (JGBs) without setting an upper limit so that 10-year JGB yields will remain at around zero percent.
The employment and income situation has remained relatively weak on the whole, although improvement has been seen in some parts.
Meeting documents
Background reading
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