Bank of Japan meeting —
At its 21 July 2022 meeting, the Bank of Japan held its policy rate at -0.10%. The decision passed 8-1. KATAOKA dissented, preferring a cut.
Decision
hold — -0.10% to -0.10%
Vote: 8-1
Dissenters
- KATAOKA — preferred cut
Key passages
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 Bank will offer to purchase 10-year JGBs at 0.25 percent every business day through fixed-rate purchase operations, unless it is highly likely that no bids will be submitted.
Meeting documents
Background reading
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