BOJ Statement on Monetary Policy Overview
Bank of Japan Applies Negative Interest
On April 28, 2023, the Bank of Japan issued its Statement on Monetary Policy, which outlines its decisions regarding yield curve control and asset purchases.
The Bank decided to 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 and to purchase a necessary amount of Japanese government bonds (JGBs) to maintain 10-year JGB yields at around zero percent.
Bank of Japan to Purchase ETFs, J-REITs
The Bank will also purchase exchange-traded funds (ETFs) and Japan real estate investment trusts (J-REITs) as necessary, and will maintain the amount outstanding of commercial paper at about 2 trillion yen.
Bank…
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