The Magazine for Asian Investors
As expected, the Bank of Japan (BOJ) maintained its ultra-loose monetary policy stance at today’s meeting as inflation remains below the BOJ’s target and the Ukraine crisis has added uncertainty to Japan’s economic outlook.
The BOJ has decided to leave the key interest rate unchanged at -0.1% and to keep the target yield on 10-year government bonds at around 0%.
The BOJ will continue to buy up to 12 trillion yen ($101 billion) of ETFs per year.
Bank of Japan (BOJ) Governor Haruhiko Kuroda said yesterday that inflation in Japan is also unlikely to reach the BOJ’s 2% target despite rising energy prices, prompting the BOJ to continue to pursue the ultra-accommodative monetary policy.
Asian stock markets opened negative and trading was volatile this morning.
The Japanese stock market NIKKEI 225 opened at 26,649.50 points, down 3.39 points or -0.01%, the HSI Hong Kong Stock Exchange opened at 21,232.88 points, down 268.35 points or -1.25%, and the SSE Composite Index opened today at 3,207.15 points, down 7.89 points or -0.25%.