Bank of Japan meeting —
At its 19 December 2023 meeting, the Bank of Japan held its policy rate at -0.10%.
Decision
hold — -0.10% to -0.10%
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 Bank will regard the upper bound of 1.0 percent for 10-year JGB yields as a reference in its market operations
Meeting documents
Background reading
Previous meeting · Next meeting · Open the full decision workspace
The Cadence Brief
The one number that moved central bank pricing — delivered each weekday morning.