Bank of Japan September monetary policy meeting announcement

Bank of Japan September monetary policy meeting announcement

• Keeps negative rate unchanged
• To expand monetary base until inflation stable above 2%
• To modify its policy framework
• Adopts QQE with yield curve control
• To keep buying JGBs so balance of its holdings increases at annual pace of 80 trln yen
• Introduces new market ops for yield curve control
• Depending on market conditions may set JGB purchase size per auction to fixed amount or unlimited amount
• Purchasing yields will be set per auction by indicating the spread from the benchmark yield which BOJ determines separately
• Makes amendment to ETF purchases
• Decides to set target for long term interest rates
• Maintains -0.1 pct negative interest rate
• To abandon monetary base target
• Says no official base money target, but maintains annual pace of JGB buying at 80 trln yen
• To buy JGBs so 10 yr yield hovers around 0 pct
• Scraps range for duration of JGBs that BOJ buys
• Adopts commitment to let inflation overshoot above 2 pct
• BOJ can cut short term policy rate, target level of long term rates in future easing
• BOJ  may accelerate expansion of monetary base as future policy option
• BOJ  to continue expanding monetary base until CPI exceeds 2% and stays above target in stable manner
• Pace of monetary base increase may fluctuate in short run under market op that aims to control yield curve
• Ready to conduct fixed rate JGB buying ops for 10-yr, 20-yr JGBs in case interest rates spike
• To make yield curve control a centrepiece of its new policy framework
• Maintains commitment to achieve 2% inflation at earliest date possible
• Adopted new policy framework with view that further rise in inflation expectations may take time

WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!