Bank of Japan meeting —
At its 22 September 2023 meeting, the Bank of Japan held its policy rate at -0.10%. The decision passed 9-0.
Decision
hold — -0.10% to -0.10%
Vote: 9-0
Key passages
The Bank will continue to allow 10-year JGB yields to fluctuate in the range of around plus and minus 0.5 percentage points from the target level, while it will conduct yield curve control with greater flexibility, regarding the upper and lower bounds of the range as references, not as rigid limits, in its market operations.
The Bank will offer to purchase 10-year JGBs at 1.0 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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