FXStreet (Bali) – BOJ will cut interest rate further into negative territory if judged necessary, Reuters reports.
Key Quotes
BOJ to charge interest for excess reserves financial institutions park with BOJ
Will cut interest rate further into negative territory if judged necessary
Negative interest rate will be adopted in tandem with QQE
No change in BOJ’s base money target of 80 trln yen
Will introduce 3-tier system on rates
Will aim to lower short end of yield curve, exert further downward pressure on rates via combination of negative rate, large-scale JGB buying
BOJ pushes back timing for achieving its 2 pct inflation target in quarterly report
Japan CPI likely to reach 2 pct in first half of fiscal 2017/18
Will adopt zero rate for its loan support programme, fund-supplying operations
Makes no change in pace of JGB, ETF, J-REIT purchases
Will examine risks to econ, prices, take additional easing steps if needed using quantity, quality, and interest rate
Acted to preempt manifestation of risk of market volatility hurting business confidence
(Market News Provided by FXstreet)