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BOJ Expands JGB Yield Target Band, Drops ETF Buying Target

Adel 19 March, 2021 10:45 am Global Stock Market, Market Update

The Bank of Japan (BOJ) kept its key policy rate unadjusted at the conclusion of its two-day March monetary policy review meeting on Friday.

The central bank left the key rate steady at -10bps while maintaining its pledge to buy J-REIT at an annual pace of up to JPY180 bln.

BOJ clarified in a policy statement that the 10-year JGB yield may move up or down 0.25% (not 0.2%) around its 0% target.

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