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Thank you for your participation.here it is Important points From today’s historic Bank of Japan meeting and Governor Kazuo Ueda’s press conference.
- Central Bank abandoned negative interest rate policy with First rate hike in 17 yearsThis heralds a return to Japan’s conventional monetary policy and signals confidence that the country is finally emerging from years of deflation and economic stagnation.
- The Bank of Japan sets short-term interest rates 0%～0.1% He also said that key policy tools will be in short supply in the future.–Term fee. We also made several other monetary policy changes. Elimination of Yield Curve Control Program Finish purchasing an exchange-traded fund
- The Bank of Japan has promised that continue to buy long-term government bonds Maintaining accommodative conditions as necessary and for the time being, Mr. Ueda emphasized at the press conference.
- Mr. Ueda said, “Yes.”There’s still a little distance”Impact on inflation expectations Fully reached 2%, and the Bank of Japan will maintain an accommodative stance until underlying price trends reach that level. He also said the risk of higher prices could prompt that. to further raise interest rates
- circle It weakened a littleTraders interpreted these cautious comments as a warning of further rate hikes in the future.After fluctuating in response to the decision, the Topix index Closed 1.1% higher And the Nikkei Stock Average rose 0.7%.
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