The Bank of Japan decided to partially revise the current large-scale monetary easing measures at the monetary policy meeting on the 20th.
Until now, we have suppressed interest rates by purchasing unlimited amounts of government bonds so that long-term interest rates do not exceed "about 0.25%," but we have decided to allow them to rise to "about 0.5%." did.
After this announcement, the financial markets took it as a "de facto tightening of monetary policy," and the yen appreciated, stock prices declined, and long-term interest rates rose.
Why did you make these decisions?
Governor Kuroda will give an explanation at a press conference starting at 3:30 p.m.
I will report on his remarks in a flash report.
meeting soon
Governor Kuroda's press conference will be held at the Bank of Japan's head office in Nihonbashi Hongokucho, Tokyo.
It is held after each meeting to decide monetary policy.
At the press conference, Governor Kuroda first explained the decisions made at the meeting.
He then answers questions from reporters.