BOJ Keeps Ultra-Loose Monetary Policy and YCC in Place

The Bank of Japan maintained interest rate in a negative territory on Friday and also maintained the yield-curve control policy, which was in line with expectations from economists.

Japan’s central bank kept its short-term rate target at -0.1% to zero and Japanese government bonds 10-Y at -0.5% to 0.5% as the BOJ looks to support fragile economic growth amid uncertainties in the global economy.


Core inflation in Japan rose 3.4% in April, while its economic growth was revised up to 2.7%.