Bank of Japan meeting —
At its 10 March 2023 meeting, the Bank of Japan held its policy rate at -0.10%.
Decision
hold — -0.10% to -0.10%
Key passages
The Bank decided to set the following guideline for market operations for the intermeeting period. 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.
Meeting documents
Background reading
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