Japan's central bank holds interest rates on the yen
The Japanese Central Bank met this morning 27/4/2020 and decided to fix the negative short-term reference interest at 0.10%. The Japanese central meeting was limited to one day, due to the procedures followed to prevent the emergence of the new Corona virus, and the Japanese central decision came according to the expected.
As it became clear from the monetary policy statement that the central decision makers are heading for more incentives without a maximum to buy bonds, as the CBE stated that it intends to purchase large quantities of government bonds, by canceling the previous practice, which is buying in the annual system, and he also made it clear that he would buy government bonds with significant amounts without a limit Maximum . The bond yield for the ten years remained about 0%, and attention is currently focused on the press conference of the Governor of the Bank of Japan, Haruhiko Kuroda, who will determine the intentions and directions of decision makers in the next stage.
