Bank of Japan meeting —
At its 17 June 2022 meeting, the Bank of Japan held its policy rate at -0.10%. The decision passed 8-1. unknown dissented, preferring a hold.
Decision
hold — -0.10% to -0.10%
Vote: 8-1
Dissenters
- unknown — 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 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.
Meeting documents
Background reading
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