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Chi-Hung Lin
Eight members of the regulator were in favor of maintaining a negative interest rate, one was against. The Japanese Central Bank introduced the negative interest rate of minus 0.1% in January 2016.
In addition, the organization plans to buy an unlimited number of government bonds and continue to target the yield on 10-year government bonds at a level close to 0%.
The repurchase volumes of commercial papers (CP) and corporate bonds were kept at 2 trillion yen and 3 trillion yen per year, respectively.
The Japanese central bank also maintained an annual buyback of ETFs at around 12 trillion yen and assets of real estate investment trusts (J-REIT) at around 180 billion yen.
"The Japanese economy was in an extremely difficult situation due to the impact of the new coronavirus (COVID-19) at home and abroad," the regulator said. The Central Bank will continue to monitor the situation and, if necessary, will take additional measures.
source: asia.nikkei.com
In addition, the organization plans to buy an unlimited number of government bonds and continue to target the yield on 10-year government bonds at a level close to 0%.
The repurchase volumes of commercial papers (CP) and corporate bonds were kept at 2 trillion yen and 3 trillion yen per year, respectively.
The Japanese central bank also maintained an annual buyback of ETFs at around 12 trillion yen and assets of real estate investment trusts (J-REIT) at around 180 billion yen.
"The Japanese economy was in an extremely difficult situation due to the impact of the new coronavirus (COVID-19) at home and abroad," the regulator said. The Central Bank will continue to monitor the situation and, if necessary, will take additional measures.
source: asia.nikkei.com
